Danone 1Q Sales Rose on Specialized Nutrition, Outlook Confirmed
April 18 2018 - 12:59AM
Dow Jones News
By Anthony Shevlin
Danone SA (BN.FR) said Wednesday that it confirmed its 2018
outlook after sales in the first quarter rose due to strong
performances in its specialized nutrition and waters
businesses.
The French food company said sales for the period ending March
31 were 6.09 billion euros ($7.53 billion), up 4.9% on a
like-for-like basis, which integrates the company's acquisition of
WhiteWave. The company said it will use this indicator until the
end of 2018.
Sales in Danone's specialized nutrition business rose 15% on a
like-for-like basis to EUR1.81 billion, driven by early-life
nutrition in China. The company's waters business posted sales of
EUR976 million and Danone said it continued to grow in all regions
and segments.
Danone confirmed its outlook for 2018, saying it continues to
target double-digit recurring EPS growth at constant exchange
rates, excluding the effect of the Yakult transaction.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
April 18, 2018 01:44 ET (05:44 GMT)
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