Danone Q1 sales: last quarter of decline before returning to like-for-like growth


Paris, April 20 , 2021 

  • First-quarter consolidated sales of €5,657m, down -3.3% on a like-for-like (LFL) basis, reflecting Covid-related headwinds and lapping high Q1 2020 base of comparison
  • Sharp -7.0% impact of FX, resulting in a -9.4% decline in consolidated sales
  • 2021 guidance reiterated:

                - Back to like-for-like growth as of Q2; return to profitable growth in H2

                - FY recurring operating margin expected to be broadly in line with 2020

Press contact

Phone number: [tel:+33 1 40 70 11 89]

E.mail: danone@dgm-conseil.fr