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Statistical report on Danone's Q1 2024 performance

France 23.04.2024
Source: The DairyNews
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Statistical report on Danone's Q1 2024 performance
Overview
Location: Danone is headquartered at 17, Boulevard Haussmann, 75009 Paris, France.

Q1 2024 Key Financial Highlights
Net Sales: Achieved €6,789 million in Q1 2024, marking a +4.1% like-for-like growth. The composition of this growth includes +1.2% from volume/mix and +2.9% from price adjustments.

Reported Change: Overall, there was a -2.5% reported change, influenced by scope (-5.0%) and forex impact (-3.2%), but positively offset by hyperinflation (+1.7%).

Sales Performance by Geographical Zone
Europe: Experienced a 2.8% like-for-like sales increase, with minimal contribution from volume/mix (+0.1%).
North America: Witnessed a 2.5% like-for-like sales growth, significantly supported by a +1.5% volume/mix increase.
China, North Asia & Oceania: Led the growth with an 8.9% like-for-like increase, heavily driven by a +6.9% volume/mix growth.
Latin America: Saw a 4.1% like-for-like increase despite a -2.6% decline in volume/mix.
Rest of the World: Reported a 6.0% like-for-like sales increase, with volume/mix contributing +1.0%.

Sales Performance by Category
EDP (Essential Dairy and Plant-Based): Reached €3,474 million, achieving a 3.0% like-for-like growth.
Specialized Nutrition: Totaled €2,183 million in sales, reflecting a 3.8% like-for-like growth.
Waters: Achieved €1,132 million in sales, marking an 8.1% like-for-like growth.

Significant Events in Q1 2024
Completion of the Michel & Augustin sale on February 29, 2024.
Announcement on March 22, 2024, about the obtained Russian regulatory approvals for the disposal of its EDP business in Russia.
Completion of the sale of its milk and dairy activity Horizon Organic and Wallaby in the U.S. on April 1, 2024, to Platinum Equity.

2024 Guidance and Forward-Looking Statements
Danone confirms its 2024 guidance with an expected like-for-like sales growth between +3% and +5%, coupled with a moderate improvement in recurring operating margin.

DANONE - Q1.png



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