FRANCE: Groupe Danone deliver Q1 sales lift

By | 14 April 2008

Groupe Danone has posted a healthy lift in first quarter sales, driven in part by rising revenues from its waters division.

The France-base company, which owns the Evian and Volvic water brands, said today (14 April) that total group sales in the first three months of 2008 were up by 11.4% on the corresponding quarter a year, at EUR3.76bn (US$5.93bn).

Sales at the water division rose by 7%, following what a spokesperson for the company described as the "de-consolidation" of its Chinese joint venture with Hangzhou Wahaha from its financial performance. Revenue from the unit reached EUR695m, compared to EUR1.01bn in Q1 last year, when Chinese results were also factored in.

Volumes at the waters division were up by 6.8% year-on-year, with Latin America and Asia driving the rise. Growth in Europe was described as "more modest", due in part to fewer selling days than last year, as a result of an earlier Easter season, and by "softer market conditions" in France.

"The first quarter of 2008 has witnessed a very solid financial performance across all our divisions," said company chairman and CEO, Franck Riboud. "Based on the group's overall performance in the first three months of the year, we are confident to achieve our targets for 2008 both in terms of growth as well as profitability."

The group expects total sales for 2008 to rise by between 8% and 10% on 2007, with underlying earnings per share growth of at least 15%.

Sectors: Soft drinks, Water

Companies: Groupe Danone, Evian, Wahaha

View next/previous articles

Currently reading -

FRANCE: Groupe Danone deliver Q1 sales lift

There are currently no comments on this article

Be the first to comment on this article

Related articles

just the round-up - The week in drinks

The top ten stories published on just-drinks this week:

AUS: Danone prepares Frucor sale - report

French food and drink giant Groupe Danone has drawn up a short list of possible buyers for its Frucor Beverages business in Australia and New Zealand.

Focus - Leading bottled water groups respond to pressure

The three leading bottled water brands in the UK launched the Natural Hydration Council (NHC) earlier this month. The organisation says it is not a lobby group but aims to research and promote the environmental, health and other sustainable benefits of natural bottled water. Ben Cooper spoke with the NHC's director, Jeremy Clarke, about the challenges the NHC faces.

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