Groupe Danone sales increase 4% in third quarter
October 17, 2007
by FoodBusinessNews.net Staff
PARIS — Third-quarter sales at Groupe Danone increased 4% to €3,688 million ($5,235 million). Spurring the revenue surge was significant growth in the company’s fresh dairy products business, which saw sales rise to €2,203 million compared with €1,990 million during the same quarter a year ago.
Danone saw its beverage business decline in sales to €961 million compared with €1,067 million during the same quarter of the previous year.
Biscuits and cereal product sales grew to €524 million from €498 million during the previous year.
"The double-digit growth, quarter after quarter, of our Fresh Dairy business, the capacity of our teams to proactively manage the unfavorable impact of increases in raw material prices and market share gains in all major geographies are strong indicators of the resilience of our growth model," said Franck Riboud, chairman and chief executive officer. "This quarter’s performance was indeed impacted by the unusually poor weather conditions in Europe, and continues to be affected by our dispute with one of our partners at Wahaha. However, the strength of our growth model is remarkable."
Revenue for the first nine months increased 4% to €11,241 million ($15,955 million), up from €10,772 million during the same period of 2006.