Danone Lifts Organic Sales Growth Outlook on Strong 1Q
26 4월 2023 - 3:02PM
Dow Jones News
By Giulia Petroni
Danone SA lifted its organic sales growth guidance for the year
after reporting a rise in sales volumes in the first quarter driven
by price increases.
The French food company on Wednesday said that quarterly sales
came in at 6.96 billion euros ($7.66 billion) compared with EUR6.24
billion a year earlier. Sales rose 10.5% on a like-for-like basis,
with a 10.3% contribution from price and a 0.2% contribution from
volume/mix.
Danone's waters and specialized nutrition divisions both
registered a sales increase of 12% during the quarter. The
essential dairy and plant-based business reported a 9.3% organic
rise in quarterly sales.
Looking at the full year, Danone said it now expects organic
sales growth between 4% and 6%, from previous expectations of
between 3% and 5%. It confirmed it sees a moderate improvement in
the recurring operating margin.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
April 26, 2023 01:47 ET (05:47 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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