Danone H1 Net Profit Down, Margin Up; Sees Sequential Improvement In H2 - Quick Facts

(RTTNews) - French food company Danone SA (DANOY.PK) reported Thursday that its first-half net income - Group share fell 1.9 percent to 1.02 billion euros from last year's 1.04 billion euros.

Earnings per share were 1.55 euros, down 2.2 percent from 1.58 euros a year ago.

Recurring net income - Group share was 1.10 billion euros or 1.68 euros per share, compared to 1.22 billion euros or 1.87 euros per share last year.

Operating income, however, grew 2.3 percent to 1.58 billion euros, and operating margin improved 76 basis points to 13 percent. Recurring operating margin was at 14.0 percent, compared to 14.7 percent in the prior year.

Net sales of 12.19 billion euros fell 3.6 percent from 12.65 billion euros last year. Sales dropped 1.1 percent on a like-for-like basis. The company's second-quarter was hit by global lockdown with sales down 5.7 percent on a LFL basis.
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