French diary products giant Danone has reported better-than-expected third-quarter sales and confirmed that the company is in talks to buy Russian dairy and juice firm Wimm-Bill-Dann.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Danone, which makes Dannon and Actimel yoghurts, reported 9.4% growth in organic sales, which strip out foreign exchange variations, disposals and acquisitions, for the third quarter, reported Reuters.
Third-quarter sales were €3.49bn (US$4.08bn), compared to €3.32bn a year earlier. Analysts had expected third-quarter turnover of €3.38bn.
The company said sales for the nine-month period to end-September fell 3.4% to €10.11bn, beating forecasts of €10.01bn.
Chief executive Franck Riboud confirmed that the French company is in talks to buy Wimm-Bill-Dann, but declined to comment on the stage of the negotiations.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
