Danone: Strong Chinese sales help Danone to exceed Q1 forecasts

Danone exceeded market expectations in the first quarter, reporting sales of €6,844m, up 4.3% on a like-for-like basis year-on-year. The Activia and Evian owner performance was boosted by improvements in both volume/mix across all categories (+1.9%) and price (2.4%). Danone saw strong demand for infant formula in China and medical nutrition products, but sales of [...]