Danone 3Q Sales Boosted By Exchange Rate Impact -- Currency Comment
19 Outubro 2021 - 3:47AM
Dow Jones News
By Giulia Petroni
Danone SA's third-quarter sales were boosted by the appreciation
of the Chinese renminbi, the Mexican peso and the British pound
against the euro, while the U.S. dollar and other emerging
currencies remained stable.
The French food company said quarterly sales of 6.16 billion
euros ($7.14 billion) benefited from the positive impact of an
exchange rate of 0.8%. Sales were up 3.8% organically on year,
driven by 4.6% in value and 0.8% in volume.
On a reported basis, sales increased 5.8% in the quarter, also
profiting from a 0.7% organic contribution of hyperinflation
geographies to growth and a 0.3% positive scope effect that
resulted from the disposal of the Vega brand and integration of
coconut water brand Harmless Harvest and plant-based Follow Your
Heart.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 19, 2021 02:32 ET (06:32 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Danone (EU:BN)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Danone (EU:BN)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024
