• Press release
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Q3 2022 - Making progress on Renew Danone Further growth acceleration in the third quarter

  • Corporate news

Q3 net sales up +19.1% on a reported basis and +9.5% on a like-for-like (LFL) basis, with price up +10.9%, and volume/mix down -1.4%; proforma volume/mix -0.2% excluding EDP Russia

Accelerated like-for-like sales growth in all geographies and categories

  • +11.2% in North America driven by balanced competitive growth across categories
  • +6.0% in Europe led by Specialized Nutrition and Waters
  • +6.8% in China, North Asia & Oceania led by Specialized Nutrition in China and EDP in Japan
  • +13.6% in Rest of the World with price-led growth across all countries and categories

Portfolio management: initiation of a process to transfer the effective control of the EDP Russia business

  • 2022 guidance upgraded: LFL net sales growth now expected between +7 and +8%, recurring operating margin above 12% confirmed