Danone’s first quarter sales up

Groupe Danone has reported consolidated sales of €3.76 billion for the first quarter of 2008, an increase of 18.7%, compared to €3.17 billion in the first quarter of 2007. This like-for-like sales growth was driven by a 3% rise in volume and an 8.4% rise in value.

The fresh dairy division recorded sales of €2.18 billion for the first quarter of 2008, compared to €2.03 billion in the same period of 2007, a 10.5% rise in like-for-like sales.

Franck Riboud, chairman and CEO of Groupe Danone, notes: “The first quarter of 2008 has witnessed a very solid financial performance across all our divisions.”