Good start to the year, further delivering on Renew Danone


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

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