Danone Reports Mixed Q1 Results: Global Sales Up, Morocco and China Markets Struggle

The group’s consolidated results for the first quarter were marked by a 0.9% increase, with revenue around 6.14 billion euros, despite the ongoing boycott in Morocco and the drop in sales of infant nutrition products in China.

According to the press release, the first quarter was in line with expectations, with a 3% increase in comparable sales, an 0.8% increase in sales, the contribution of all business lines, and the sale of Earthbound Farm.

However, the group expressed confidence in achieving its annual objectives, and expects an acceleration that will be visible as early as the second quarter, thanks to the sale of Earthbound Farm and the implementation of high value-added innovations.

"We are fully confident in achieving our annual objective and reaffirm our total commitment to building a company at the heart of the food revolution," said the group’s CEO, Emmanuel Faber.

It should be recalled that three companies, Centrale Danone, Afriquia and Sidi Ali, were the subject of an unprecedented boycott on social networks in Morocco exactly a year ago, leading to sharp drops in sales that they still cannot overcome.