Danone Waters has reported a drop in full-year sales, although volumes grew strongly in emerging markets.
Sales in the Waters division dropped to EUR2.58bn (US$3.54bn) for the 12 months to the end of December, from EUR2.87bn in the previous year. On a like-for-like basis, sales rose 1% for the year, said the producer of Evian and Volvic bottled waters.
In the fourth quarter sales increased 3.8% on a like-for-like basis. Underlying volumes continued to be strong at 7.6% for the quarter, which were partly offset by a negative value effect of -3.8%.
Volume growth, however, continued to be entirely driven by the emerging markets (52% of the sales of the division), with continued strong performances in Indonesia, Mexico and Argentina.
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