Skip to content
Search
AI Powered
Human content, AI powered search.
Latest Stories

Danone profits rise, as higher prices offset flat volumes

Danone profits rise, as higher prices offset flat volumes
A view taken on November 23, 2020 shows a part of the entrance to the Danone factory in Bailleul, northern France. (Photo by DENIS CHARLET/AFP via Getty Images)
AFP via Getty Images
Kiran Paul
By Kiran PaulFeb 22, 2024
Kiran Paul
See Full Bio

French food group Danone said profit from continuing operations grew in 2023 as rising prices for its yogurts and other products made up for flat volumes and currency movements.

Net income from recurring activities rose 3.5 per cent to €2.3 billion (£1.97bn), while revenue was virtually unchanged at €27.6bn.

Excluding disposals and currency changes, net sales rose by 7 per cent and volume decreased by 0.4 per cent.

Last year the company wrote down the value of some US dairy activities in anticipation of sales and stopped consolidating its Russian operations.

Chief executive Antoine de Saint-Affrique said in a statement that "2023 was a year of consistent progress and strong delivery."

The company said that volume growth resumed in the fourth quarter as it focused on better selling brands.

Danone is proposing to raise its dividend 5 per cent to €2.10 a share, taking it back to its 2019 levels.

danone

Related News

Dawood Pervez, Ruth Marvel, and Lord Zameer Choudrey
Charity

Bestway Foundation donates £100,000 to the Duke Of Edinburgh’s Award

Vapes Bars unveils nicotine salt range Angel Salts
Product News

Vapes Bars unveils nicotine salt range Angel Salts

More for you

Sugro UK partners with Britvic to launch industry-first sample box

Sugro UK partners with Britvic to launch industry-first sample box

Leading wholesale buying and marketing group Sugro UK has collaborated with Britvic Soft Drinks, a global organisation with 39 much-loved brands sold in over 100 countries, to launch a groundbreaking Fast Food Sample Box.

The sample box is specifically designed for ICS UK LTD customers, giving them a unique opportunity to sample and experience new Fast Food soft drinks offerings firsthand.

Keep ReadingShow less
Plant-based ready meal

Plant-based ready meal brand on brink of collapse

British plant-based ready meal maker Allplants has filed a notice of intention to appoint administrators, citing ongoing financial losses, stated recent reports.

Allplants, known as the UK’s largest vegan ready meal brand, has faced mounting losses over recent years. Filing the notice provides the company with a critical window to explore options to avoid liquidation, such as restructuring, refinancing, or negotiating a sale.

Keep ReadingShow less
sottish retail-wholesale

Scottish retail-wholesale figure celebrated at University of Stirling graduation

Entrepreneur and businessperson Stanley Morrice, an influential figure in the retail and wholesale sectors, received an Honorary Doctorate from the University of Stirling at Stirling’s winter graduation held today (22).

Stanley, from Fraserburgh, is being recognised for his services to Scottish food, drink and agriculture. He entered the sector as a school leaver. In 1993, he joined Aberdeen-based convenience stores Aberness Foods, which traded as Mace. He rose to become Sales Director, boosting income by 50 per cent and tripling profits, and went on to be Managing Director, successfully leading the business through a strategic sale to supermarket group Somerfield.

Keep ReadingShow less
consumer cheer
iStock image
iStock image

Consumers cheer up as Budget nerves lift: GfK

British consumers have turned less pessimistic following the government's first budget and the US presidential election and they are showing more appetite for spending in the run-up to Christmas, according to a new survey.

The GfK Consumer Confidence Index, the longest-running measure of British consumer sentiment, rose to -18 in November, its highest since August and up from -21 in October which was its lowest since March.

Keep ReadingShow less
Retail Sales
Photo: iStock

Retail sales take bigger-than-expected hit in October

British retail sales fell by much more than expected in October, according to official data that added to other signs of a loss of momentum in the economy in the run-up to the first budget of prime minister Keir Starmer's new government.

The Office for National Statistics (ONS) said sales volumes have fallen by 0.7 per cent in October. A Reuters poll of economists had forecast a monthly fall of 0.3 per cent in sales volumes from September.

Keep ReadingShow less