Danone 3Q Sales Rise to EUR6.45 Billion
2017年10月17日 - 3:25PM
Dow Jones News
By Anthony Shevlin
France's Danone SA (BN.FR) said Tuesday that its sales for the
third quarter rose 4.7% to 6.45 billion euros ($7.61 billion)
compared with the same period last year.
The French food company said that the 4.7% sales increase was on
a like-for-like New Danone basis, which accounts for the company's
acquisition of WhiteWave, and that its reported sales increase was
17%.
Danone acquired WhiteWave earlier this year for EUR8.81 billion
in a deal that more than doubled its North American business.
Danone said that its North American
essential-dairy-and-plant-based reported sales were down 2.2% in
the third quarter on a like-for-like New Danone basis, including a
2.7% decrease in volumes. The company said that sales in Europe,
excluding Alpro, improved slightly compared with the second quarter
but still remained negative.
Emmanuel Faber, chief executive of Danone, said the integration
of WhiteWave is on track and is starting to deliver results, and
that the third-quarter sales increase "reflects the strength" of
Danone's portfolio of consumer health-focused brands.
Danone confirmed its outlook for 2017 and said that it expects
to deliver double-digit recurring earnings-per-share growth of more
than 12% at a constant exchange rate. The company also said that it
targets overall like-for-like sales growth of between 4% and 5% for
2020.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
October 17, 2017 02:10 ET (06:10 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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