Danone Half-Year Report 2024

Antoine de Saint-Affrique, CEO statement: “We have delivered a strong performance for the first half of the year, demonstrating consistency in delivering quality growth: net sales increased by +4.0% on a like-for-like basis, driven by volume/mix up +2.1%, with all categories contributing.

We keep driving our category growth, further fueling our winning platforms High Protein, Medical Nutrition, Coffee Creations and Away-from-home. We also remain focused on driving our core portfolio, as reflected by the progressive strengthening of our competitiveness across categories.

We continue rebuilding our fundamentals, doubling down on Renew Danone, and have established solid foundations for the “next chapter” of our consumer centric and science-based strategy. 

Highlights

• Net sales reached €13,757m in H1 2024, up +4.0% on a like-for-like (LFL) basis; volume/mix up +2.1%, positive in each category
• Q2 strong volume/mix (+2.9%) leading to +4.0% like-for-like sales growth
• Recurring operating margin up +45 bps at 12.69% driven by strong improvement in margin from operations
• Recurring EPS up +2.6% at €1.80
• Free-cash-flow up +11% at €1.2 bn