French diary products giant Danone has reported better-than-expected third-quarter sales and confirmed that the company is in talks to buy Russian dairy and juice firm Wimm-Bill-Dann.
Go deeper with GlobalData
Danone, which makes Dannon and Actimel yoghurts, reported 9.4% growth in organic sales, which strip out foreign exchange variations, disposals and acquisitions, for the third quarter, reported Reuters.
Third-quarter sales were €3.49bn (US$4.08bn), compared to €3.32bn a year earlier. Analysts had expected third-quarter turnover of €3.38bn.
The company said sales for the nine-month period to end-September fell 3.4% to €10.11bn, beating forecasts of €10.01bn.
Chief executive Franck Riboud confirmed that the French company is in talks to buy Wimm-Bill-Dann, but declined to comment on the stage of the negotiations.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
