Danone Boosts Annual Net Profit 2.3-Fold Despite Slight Revenue Decline

The company attributes the revenue decline to its exit from the Russian market, the sale of its Horizon Organic and Wallaby brands in the United States, and fluctuations in currency exchange rates. Meanwhile, comparable sales (LfL) rose by 4.3%, surpassing the Visible Alpha analysts’ average forecast of 3.8%. Net profit reached €2.02 billion, up from €881 million in the prior year.

Regional revenue dynamics also showed mixed results: in Europe, revenue grew by 2% to €9.57 billion; in China, North Asia, and Oceania, it increased by 5.7% to €3.69 billion; and in Latin America, revenue rose by 8.4% to €3.03 billion. In contrast, sales in North America declined by 4.5% to €6.58 billion, while other regions experienced a decrease of 10.9%, falling to €4.51 billion.

Revenue from the dairy and plant-based products division declined by 6% to €13.46 billion, although its LfL grew by 3.8%. The specialized nutrition division increased its revenue by 5.1% to €8.94 billion, while the water division grew by 3.8% to €4.98 billion, with comparable sales rising by 4.6% and 5.1%, respectively.

Looking ahead, Danone projects a 3–5% growth in comparable sales for 2025. The company’s board of directors has proposed a dividend of €2.15 per share for 2024, marking a 2.4% increase over last year. Since the beginning of the year, Danone’s market capitalization has risen by 6.8% to reach €44.72 billion.