Danone Reports Sales Rise in Yogurt, Baby Food

Groupe Danone has reported an 8.3% increase in Q1 revenue to €3.98bn ($5.4bn) compared to €3.67bn a year earlier.

The French company attributed the growth to improved demand for cheaper yogurt in Europe and baby formula in Asia.

The company’s sales at its dairy unit also rose 13% by volume.

Danone said its dairy unit sales excluding acquisitions, disposals and currency swings increased 7.6% to €2.32bn.

Sales at the baby food unit rose 8.5%, while revenue from the clinical nutrition unit gained 9.3%.

Like-for-like sales at the beverage division rose 2.3% by value and 8.5% by volume due to increased demand in Western Europe.