Danone: First Quarter In Line With Expectations, Guidance Reaffirmed For 2019
Source Danone
2019 First-Quarter Sales Press release – Paris, April 17, 2019
First quarter in line with expectationsGuidance reaffirmed for 2019
- Consolidated sales up by +0.9% on a reported basis to €6,138m
- Start of the year as anticipated: like-for-like sales growth at +0.8%; growth set to accelerate from Q2
- All reporting entities contributing to growth despite tough comparisons and calendar phasing
- Sale of Earthbound Farm reflects disciplined capital allocation and portfolio focus
- 2019 guidance confirmed: like-for-like sales growth of around 3% and recurring operating margin > 15%
Emmanuel Faber: Chairman and Chief Executive Officer statement
“The first quarter showed a start of the year in line with expectations and further progress in our transformation journey. This performance has coincided with continued action to deliver sustainable profitable value growth, including the sale of Earthbound Farm, alongside the roll-out of value-added innovations across businesses and geographies to make our portfolio more local, more appealing to younger generations, and better suited to fast-changing consumer trends. We are pleased with the momentum of the business, which will become increasingly visible from the second quarter. This gives us every confidence that we will meet our full-year guidance. We also remain totally committed to creating a company aligned with the food revolution, harnessing the collective voice of our 100,000 Danoners and realizing the vision of One Planet. One Health”.
