French multinational food corporation, Danone, reported such impressive half-year sales that it raised its annual revenue growth forecast.
"This strong first half, with broad-based progress despite an unprecedented external environment, is a testimony to the resilience, the focus and the engagement of all Danoners. We started deploying our Renew Danone agenda with discipline and consistency, further accelerating our growth in Q2: we show good momentum across many facets of the business from Aptamil to Waters or North America, to name a few," said Antonine de Saint-Affrique, CEO.
Sales for the first half of 2022 were up 7.4 percent on 2021, with Europe, North America, Asia and Oceania all seeing increases individually. This news comes despite recent price increases to combat higher production costs.
"While the quality of our first half delivery is encouraging and leads us to now expect five to six percent like-for-like sales growth for the full year, this is only the start of our Renew journey: we believe there is still much we can do to bring Danone where we want it to be and deliver on both our purpose and our business ambition."
As the world's largest yoghurt producer, growth predictions previously sat between three and four percent for 2022.
