Danone has targeted FY sales growth of “at least” 6%

Danone has targeted FY sales growth of “at least” 6%

Danone has recorded an increase in first-half profits as its waters division posted “solid” sales growth.

For the six months to the end of June, net profits from continuing operations increased 10.1% to reach EUR848m (US$1.10bn), the French firm said today (27 July).

Operating profits amounted to EUR1.28bn, up 2% on the prior year period, while net sales rose 7% to reach EUR8.36bn.

Danone’s waters division experienced like-for-like sales growth of 4.8%, while volume grew 7.8% driven mainly by the emerging markets.

The company said that it expects the “financial, economic and social crises will continue to weigh on consumption trends in Europe”, while emerging markets are expected to keep “developing well” overall.

For the full-year, Danone has targeted sales growth of “at least” 6%, up from its previous guidance of more than 5%.

Click here to view the full earnings release and check back later for further insight into Danone’s first-half results.