French food production group Danone has reported sales of €6bn in the first quarter of 2018, a 10.8pc increase year-on-year, according to results from the company. The performance was driven by a "very strong" performance of the company’s infant formula in China, where the company reported like-for-like sales growth of over 50pc in its specialised nutrition business. Infant formula comes under the group’s specialised nutrition business, which reported overall global sales growth of 14.5pc year-on-year in the three month period. Organic sales at Danone increased by 4.9pc year-on-year in the three months, with volume increasing by 1.1pc and pricing/mix improving by 3.8pc. Divisionally, the group reported positive organic sales growth in three of its four divisions.

Source: Irish Independent April 18, 2018 07:30 UTC