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
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E.mail: danone@dgm-conseil.fr