Danone returns to growth
Higher costs burden
French food company Danone SA (DANOY.PK) reported Thursday that its first-half net income - Group share increased 5.2 percent to 1.07 billion euros from prior year's 1.02 billion euros. Earnings per share were 1.63 euros, up 5.1 percent from 1.55 euros last year.
pixabay
Recurring net income - Group share was 1 billion euros or 1.53 euros per share, compared to 1.10 billion or 1.68 euros per share a year ago.
Sales declined 2.9 percent to 11.84 billion euros from last year's 12.19 billion euros. Sales grew 1.6 percent on a like-for-like basis.
In the second quarter, net sales of 6.17 billion euros grew 3.6 percent on a reported basis, and 6.6 percent on a like-for-like basis. Value was up 4.7 percent and volumes up 1.8 percent.
Further, Danone said it expects to buy back up to 800 million euros worth of shares, in one or more tranches, in the second half of 2021.
Looking ahead, Danone expects to return to profitable growth in H2.For fiscal 2021, the company continues to expect recurring operating margin to be broadly in line with 2020.
Regarding the macro-economic outlook, the company said, "Despite short-term uncertainties, a gradual reopening of economies is assumed to continue in H2 as vaccination programs are rolled out. Meanwhile, a broad-based acceleration of inflation in milk, ingredients, packaging and logistics is expected." (dpa)
Other news from the department business & finance
Most read news
More news from our other portals
Last viewed contents
What's so bad about processed foods? Scientists offer clues
New 3D-printing ink could make cultured meat more cost-effective - Researchers have found a way to use food waste for culturing meat, reducing production costs and helping to make cultured meat a viable option for feeding the world’s population.
RAPS impressed at the VIP Days 2025 during IFFA above the rooftops of Frankfurt - Spice and ingredient expert RAPS presented its latest product and technology solutions to an exclusive specialist audience.
Biotechnologically produced collagen in dietary supplements - GELITA & Geltor sign Memorandum of Understanding on Marketing
“Digital Enterprise” paves the way to Industrie 4.0 for companies of all sizes
Luc Belaire launches ZEUS, the largest champagne bottle in the world*. - With 45 liters ZEUS is currently the largest available champagne bottle in the world
What kind of meat will we eat in the future? The Rügenwalder Mühle provides answers
Medically tailored meal programs could yield significant health care savings across 49 US states - Simulation predicts that prescriptions for foods tailored to support millions of Americans with diet-sensitive conditions would reduce related expenses
Nescafé Espresso Concentrated range makes its European debut!
Going door-to-door to save Egypt’s pumpkins and address global food insecurity - Small farmers, international scientific team join to help agriculture adapt to climate change
Limiting antibiotics for cows may create a new dairy market
