PARIS (dpa-AFX) - French food company Danone SA (DANOY.PK) reported Wednesday that its first-half net income - Group share declined 31 percent to 737 million euros from last year's 1.07 billion euros.
Earnings per share declined 29.8 percent to 1.14 euros from 1.63 euros a year ago.
Recurring net income - Group share was 1.05 billion euros or 1.63 euros per share, compared to last year's 1 billion euros or 1.53 euros per share.
Sales for the first half were 13.33 billion euros, up 12.6 percent from 11.84 billion euros a year ago. Sales increased 7.4 percent on a like-for-like basis, with a 6.1 percent contribution from price and 1.3 percent contribution from volume/mix.
In the second quarter, sales increased 14.5 percent on a reported basis and 7.7 percent on a like-for-like basis, with a 6.8 percent contribution from price and 0.9 percent contribution from volume/mix.
Further, the company lifted its fiscal 2022 sales growth view, now expecting LFL net sales growth between 5 percent and 6 percent, compared to previous estimate of 3 percent to 5 percent.
Recurring operating margin for the year is expected above 12 percent.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2022 AFX News
