DANONE Q3 Organic Sales Up 4.6%

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The FINANCIAL — DANONE reported third-quarter sales of 5.64 billion euros, compared to 5.42 billion euros, prior year, an increase of 4.2%. Excluding the impact of changes in the basis for comparison, which includes exchange rates and scope of consolidation, sales were up 4.6%. The company said the organic sales growth reflects a 0.8% rise in sales volume and a 3.8% rise in value.

Emmanuel Faber, CEO, said: “Solid third-quarter organic sales growth of 4.6% confirms our progress towards sustainably anchoring a balanced profitable growth model for Danone.”

Danone anticipates a moderate rise in the cost of main raw materials and packaging in 2015. Danone’s 2015 targets include: organic growth in sales of between 4% and 5%, and a slight growth in trading operating margin, according to Nasdaq.

 

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