Danone 1st Half Profit Rose as All Categories Returned to Growth in 2Q -- Update
29 Juli 2021 - 8:28AM
Dow Jones News
By Giulia Petroni
Danone SA said Thursday that profit rose in the first half of
the year and that all categories returned to growth in the second
quarter.
The French food company said net profit for the period rose to
1.07 billion euros ($1.26 billion) from EUR1.02 billion the year
earlier.
Sales fell to EUR11.84 billion from EUR12.19 billion the
previous year, mainly due to the negative impact of exchange rates.
On an organic basis, sales were up 1.6%.
In the second quarter, sales rose 6.6% organically to EUR6.17
billion, recording a strong broad-based growth across geographies,
the company said.
Danone said its essential dairy and plant-based business
maintained strong momentum, while specialized nutrition and waters
returned to growth in the quarter.
The company reiterated its full-year guidance, and said it
assumes a gradual reopening of the economy to continue in the
second half of the year. It also said it expects a broad-based
acceleration of inflation in milk, ingredients, packaging and
logistics.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 29, 2021 02:14 ET (06:14 GMT)
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