Danone 1Q Sales Rose; Backs 2022 Guidance
20 4월 2022 - 3:12PM
Dow Jones News
By Giulia Petroni
Danone SA on Wednesday said sales rose in the first quarter
despite a highly volatile operating environment and backed guidance
for the full year.
The French food company reported sales of 6.24 billion euros
($6.73 billion) in the period compared with EUR5.66 billion a year
ago. Sales rose 10.2% on a reported basis and 7.1% on a
like-for-like basis.
An analysts' consensus provided by Danone had forecast sales at
EUR6.11 billion.
Danone's waters division registered a sales increase of 15.9% on
a like-for-like basis during the quarter, while sales at
specialized nutrition grew 9.5%. The essential dairy and
plant-based business reported a 3.6% organic rise in sales.
"Growth was broadbased across geographies and categories, and
benefited from a positive contribution from both price and mix,"
Chief Financial Officer Juergen Esser said. "Volumes held well
especially in North America and Europe as we continued to navigate
a highly volatile and inflationary environment."
Danone confirmed it expects like-for-like sales growth between
3% and 5% and a recurring operating margin above 12% in the full
year, supported by pricing actions to offset inflation and assuming
a mid-teens level of input cost inflation.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 20, 2022 01:57 ET (05:57 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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