Danone First-Half Profit Rose
29 Julho 2021 - 02:51AM
Dow Jones News
By Giulia Petroni
Danone SA said on Thursday that profit rose in the first half of
the year and that all categories returned to growth in the second
quarter.
The French food company said net profit in the period was 1.07
billion euros ($1.26 billion) from EUR1.02 billion the year
earlier.
Sales decreased to EUR11.84 billion from EUR12.19 billion the
previous year. On an organic basis, sales were up 1.6%. In the
second quarter, sales grew 6.6% to EUR6.17 billion.
Danone reiterated its full-year guidance, adding it assumes a
gradual reopening of the economy to continue in the second half of
the year. It also said it expects a broad-based acceleration of
inflation in milk, ingredients, packaging and logistics.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 29, 2021 01:50 ET (05:50 GMT)
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