Paris, April 18, 2024
▪ Net sales reached €6,789m in Q1 2024, up +4.1% on a like-for-like (LFL) basis, with volume/mix up +1.2%, and price up +2.9%
▪ Making continued progress on Renew Danone
- Broad-based growth, with positive volume/mix across categories
- Solid start to the year in Europe and North America amid pricing normalization
- Sustained competitive growth in all categories in China
- Continued progress on fixing business models in Emerging Markets
- Portfolio rotation: Horizon Organic and Wallaby milk and dairy activity in the US and Michel & Augustin disposals successfully closed
▪ 2024 guidance confirmed: like-for-like sales growth expected between +3% and +5%, with moderate improvement in recurring operating margin
Press contact
Email: press@danone.com