FRANCE: Groupe Danone confident after H1 sales rise

By | 25 July 2008

Groupe Danone increased sales by more than 9% in the first half of 2008, despite a tough second quarter for its bottled water division.

 

Like-for-like sales excluding currency rate changes rose 9.6% to EUR7.7bn (US$12.1bn) during the six months, Danone said today (25 July).

 

Operating profit rose 15.8% to EUR701m, prompting the French dairy, water and nutrition group to reconfirm its full-year guidance.

 

There was a mixed performance from the group's bottled water division. Sales dipped by 0.8% in the second quarter as rises in emerging markets failed to offset difficult conditions in key European markets like France, UK and Spain.

 

Cost rises also caused Danone's profit margin on water to drop below 2007 levels.

 

Total water sales rose 2.6% to EUR2.1bn for the six months, largely thanks to double-digit growth in Asia and Latin America, and particularly Indonesia, Mexico and Argentina.

 

Group chairman Franck Riboud said the firm had accelerated its innovation programme "in those markets where we have recently started to witness softness in consumer spending".

Sectors: Soft drinks, Water

Companies: Danone

View next/previous articles

Currently reading -

FRANCE: Groupe Danone confident after H1 sales rise

There are currently no comments on this article

Be the first to comment on this article

Related articles

CHINA: Danone to appeal latest Wahaha ruling

Danone, the French dairy and water group, has said it will appeal a court ruling in the British Virgin Islands over its trademark dispute with Chinese business partner Wahaha.

Soft drinks & water review 2008 - Coke has the best of a tough year for soft drinks

While the past 12 months have been difficult for many soft drinks companies, notably in North America, the last year has seen continued development in better-for-you categories, notably enhanced waters and healthy colas. Ben Cooper takes a look back at 2008.

POLAND: Carlsberg Polska appoints CEO

Jacek Pastuszka has been appointed new CEO of Carlsberg Polska with effect from 9 January.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page