Groupe Danone has seen rising sales from its dairy business bolster its first-quarter revenue.
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The French food and drinks giant said today (24 April) that sales rose over 10% to EUR3.4bn (US$4.6bn) during the first three months of the year.
Danone’s dairy business, which accounts for almost two-thirds of turnover, saw sales rise 12% on an organic basis to EUR2.1bn.
Stripping out currency effects and one-time charges, Danone said revenue from its biscuits and cereals business rose over 4% to EUR506m.
“This overall excellent performance is the result of the group’s continued focus on innovation and health positioning of its brands, and its expansion in developing markets,” Danone said.
For the full year, Danone is targeting organic sales growth of 6-8% with operating income forecast to rise 7-10%.
