Growth in fresh dairy products and baby nutrition helped French dairy giant Danone to post rising third-quarter sales, it said today (18 October).
Dairy sales increased 3.5% to EUR2.4bn (US$3.8bn), reflecting a 1.5% volume decline but a 5% increase in value.
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Baby nutrition grew 5.5% to EUR845m, while overall sales across all divisions grew by 5.9% to EUR4.3bn, despite a “steep increase in commodity prices”.
In the US, strong growth in the Greek-style yoghurt segment contributed to its results, the company said. Results from the Danone’s launch of a revamped line under the Oikos name were described as “satisfactory”. Danone chairman and CEO Franck Riboud has described the US as an “emerging market” for yoghurt.
Dairy sales in Latin America, Africa and the Middle-East were “vigorous” and Western Europe remained “steady”, according to the company.
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The results were also bolstered by Danone’s strong sales in Asia, which rose 19.6% to EUR636m.
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By GlobalData“Danone is in very good shape, with operations in Asia, Latin America, Africa and the Middle East continuing to post robust growth,” Riboud said. “In Russia and the US, we are working to strengthen our leading position, and our performance in Western Europe remains good.”
