Danone grows its European dairy business
Danone Europe posted sales growth of 6% in the third quarter of 2022 on a like-for-like basis, driven by 8% growth in price, while volume/mix declined by 2%. EDP registered +2.2% growth in the region, with a contrasted performance by geography, with sales and volumes impacted by portfolio choices and temporary delivery suspensions in some countries such as Germany and Belgium. Like for like growth in 2022 is now expected to be between 7-8% for the company
Other countries benefited from the momentum of key brands like Actimel, Danone, Yopro and Danette. Specialised Nutrition posted +9.5% growth, led by Aptamil, which registered broad-based and competitive growth in the quarter.
Antoine de Saint-Affirque, the CEO of Danone, says, “In what remains a challenging environment, we continue to display consistent progress, with active portfolio management and a disciplined approach to boosting our winners, fixing our underperformers and driving our core, as exemplified by the ongoing transformation of our European dairy platform.
The third quarter saw sales up +9.5% on a like-for-like basis, led by a sequential growth acceleration across all categories and geographies. he company is also working to transfer the control of the EDP Russia business.