Danone: Solid sales trend in Q3

Q3 2015 sales came out globally in line with market expectations. They reached EUR5,641m (BG: EUR5,653m and CS: EUR5,636m), increasing 4.2% reportedly and 4.6% on an organic basis (BG and CS: +4.3%). This is mainly driven by the Early Life Nutrition, up 10.9% organically. The good news is that yoghurts came back into positive territory (+0.6% after -0.4% in H1) as most of the negative effect related to the rationalisation of the portolio in Europe disappeared in Q3.

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