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Jul 30 2025, 07:15 IST/BST
Danone
H1-25 update – strong volume growth, outlook confirmed
DAVY VIEW
Danone’s H1 results confirm that it is well on track to meet full-year expectations. Q2 volume performance improved sequentially, with volume/mix growth of +3.2% (Q1: +1.9%, consensus: +2.5%) – a particularly robust result given the increasingly challenging volume backdrop across the sector. EBIT margin was modestly ahead of expectations, supported by strong expansion in Specialised Nutrition (SN). The full-year outlook has been confirmed. At first look, we envisage limited changes to our forecasts.
