• Press release
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Danone 2023 Q1 Results: Strong start to the year & consistently delivering on Renew Danone

  • Corporate news
  • Net sales of €6,962m in the first quarter, up +11.6% on a reported basis and +10.5% on a like-for-like (LFL) basis, with price up +10.3% and volume/mix up +0.2%; proforma volume/mix up +1.1% excluding EDP Russia
  • Strong start to the year, with all geographies and categories contributing to LFL sales growth:

    • +6.2% in Europe driven by France, UK and Poland; further progress on EDP portfolio transformation
    • +11.8% in North America led by a continued strong and balanced momentum across segments
    • +16.0% in China, North Asia & Oceania with double-digit growth in all three categories
    • +12.6% in Latin America, led by Mexico and Brazil with resilient volumes
    • +11.8% in Rest of the World, notably supported by favorable calendar effects
       
  • 2023 guidance upgrade: like-for-like sales growth now expected between +4 and +6%; moderate improvement in recurring operating margin confirmed