By Giulia Petroni
Danone SA said Thursday that profit rose in the first half of the year and that all categories returned to growth in the second quarter.
The French food company said net profit for the period rose to 1.07 billion euros ($1.26 billion) from EUR1.02 billion the year earlier.
Sales fell to EUR11.84 billion from EUR12.19 billion the previous year, mainly due to the negative impact of exchange rates. On an organic basis, sales were up 1.6%.
In the second quarter, sales rose 6.6% organically to EUR6.17 billion, recording a strong broad-based growth across geographies, the company said.
Danone said its essential dairy and plant-based business maintained strong momentum, while specialized nutrition and waters returned to growth in the quarter.
The company reiterated its full-year guidance, and said it assumes a gradual reopening of the economy to continue in the second half of the year. It also said it expects a broad-based acceleration of inflation in milk, ingredients, packaging and logistics.
Write to Giulia Petroni at firstname.lastname@example.org
(END) Dow Jones Newswires