FRANCE: Emerging markets boost Danone Q1 sales
By just-food.com | 15 April 2010
- LFL sales rose 7%
- "Encouraged" by growth in France and UK
- Cautious of a “challenging” 2010
 |
Danone CEO Riboud pointed to "strong" dairy showings in US and Russia |
French food giant Danone said today (15 April) it has made a “strong” start to the year with emerging markets boosting sales growth.
For the first quarter of 2010, sales increased by 8.3% to EUR3.98bn (US$5.40bn). Excluding the effects of foreign exchange, sales increased by 7% on a like-for-like basis.
Danone said all its regions delivered double-digit sales growth, except for Western Europe where sales were stable compared to the first quarter of 2009.
However, in Western Europe, virtually all countries delivered positive volume growth, with particular encouraging sales performances in France and the UK, Danone said.
Chairman and CEO Franck Riboud said: “While emerging countries are boosting our sales growth, all our geographies are progressing, with notably strong performances of our dairy operations in the US and Russia. Our performance in the first quarter, coupled with our leading market positions and brands, allow us to confirm our targets for 2010.”
The firm, however, said it will continue to face a “challenging” financial, economic and social environment in 2010, with “continued difficult consumption trends” in Western economies, weak emerging currencies and inflation of raw materials.
Click here to read the full release and click here for more on Danone withdrawing its health claims on Activia and Actimel.
Sectors: Baby food, Chilled foods, Dairy, Health & wellness, Natural & organic
Companies: Danone
View next/previous articles
15 Apr 2010 -
Currently reading -
FRANCE: Emerging markets boost Danone Q1 sales
15 Apr 2010 -
Related research
Danone , Groupe in Health & Wellness - World
This report analyses Danone’s position in the global health and wellness (H&W) market. Danone is entirely focused on the areas of health, wellness and nutrition, with its Activia brand a major growth driver for the company. A balanced geographic spre...
Related articles
Editor's choice: the highlights on just-food this week
Three of UK grocery's largest retailers issued trading updates this week - and all were relaxed about the prospect of public-spending cuts on consumer confidence. Northern Foods, supplier to UK retailers, has launched its latest restructuring plan, as has Maple Leaf Foods, over in Canada. PepsiCo, meanwhile, is to set a dedicated "nutrition unit" and is eyeing fruit and veg, dairy and functional foods.
Quote, unquote: just-food's week in words
The focus this week has been on consumer confidence in the UK, with the Government set to release 'austerity measures' on 20 October and three of the major grocery retailers revealing trading updates. Elsewhere, PepsiCo revealed plans to build a unit to focus on nutrition and Canadian food group Maple Leaf Foods announced an efficiency review. Here is the best of what was said this week.
There are currently no comments on this article
Be the first to comment on this article