Danone: growth prospects upgrade for 2023

Cercle Finance | 26 avril, 2023 09:21

(CercleFinance.com) - Danone says that it now predicts revenue growth of between +4 and +6% like-for-like for 2023, compared to the previous +3% and +5%, with a moderate improvement in the recurring operating margin confirmed.

For the first three months of 2023, the food and beverage group reports revenue of 6.96 billion euros, up 11.6% on a reported basis and 10.5% like-for-like, with a price effect of +10.3% and a volume/mix effect of +0.2%.

“This performance was driven by all our categories and geographies, and notably the North America and CNAO zones, but also supported by favourable phasing” says CEO Antoine de Saint-Affrique.