Danone reports strong full-year financials, with profits rising due to increased volumes and stable pricing.
Danone's strategic focus on core performers, while managing underperforming brands and business segments, has significantly strengthened its full-year results.
Sales increased by 4.3% to over €27 million, driven by a 3% rise in volume and stable price growth of 1.3%, marking the company's fifth consecutive quarter of positive financial performance.
Reported growth was 0.9% lower than the previous year. However, CEO Antoine de Saint-Affrique stated that Danone had reached the end of the first phase of its ‘Renewed’ strategy, which refocused the business on expanding its presence in science-based and medical-forward segments.
Fourth quarter sales contributed significantly to Danone’s overall performance, with total value sales rising by 4.7% and volume sales increasing by 4.2% during the period.
This strong performance contributed to a positive start in share trading this morning, with Danone’s stock rising 1.70%, while Unilever’s remained down following the news of Hein Schumacher’s resignation.