Arab Today, arab today danone third quarter sales rise on baby food demand
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Danone third quarter sales rise on baby food demand

Arab Today, arab today

Arab Today, arab today Danone third quarter sales rise on baby food demand

Danone posts a 4.6 percent rise on a like-for-like basis in third-quarter sales
Paris - AFP

French dairy giant Danone on Monday posted a 4.6 percent rise on a like-for-like basis in third-quarter sales, outstripping analysts' forecasts.

Shares in the world's largest yogurt producer rose 2.52 percent on the Paris exchange on three-month sales of 5.6 billion euros ($6.3 billion) aided by strong baby food sales as the company saluted what it termed solid organic growth.

Reported sales were up 4.2 percent but the like-for-like improvement was above forecasts of 4.3 percent amid European growth of 5.1 percent for the strongest regional performance since 2009, said financial director Cecile Cabanis.

CEO Emmanuel Faber said the showing "confirms our progress towards sustainably anchoring a balanced profitable growth model for Danone."
Underpinning the rise were an 11 percent increase in infant nutrition sales compared with a predicted 7.5 percent as well as Chinese sales of infant formula in a market spurning some local brands.

The results came in "above our expectations and underpin the group strategy to gain market share," said a Paris broker, calling the strong sales of baby food with brands such as milk formulas Aptamil and Nutrilon "a healthy surprise".

Danone said its China baby market share stands at 15 percent, equivalent to where it was before a 2013 false alert over botulism-causing bacteria from New Zealand supplier Fonterra sparked a multimillion-dollar recall.
The firm revised downward by 398 million euros the value of infants' and children's nutrition wing Dumex after 2Q changes in distribution strategy but saw water sales rise 12.3 percent.

That equated to a 6.8 percent increase on a like-for-like basis to 1.3 billion euros despite identifying a "more moderate growth period" in China, given that country's "more complex business environment".

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today danone third quarter sales rise on baby food demand Arab Today, arab today danone third quarter sales rise on baby food demand

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today danone third quarter sales rise on baby food demand Arab Today, arab today danone third quarter sales rise on baby food demand

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday