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Danone Q2 Sales Growth Slows As Morocco Boycott Weighs

Published on Jul 27 2018 9:29 AM in A-Brands tagged: Trending Posts / Danone / Morocco / Emmanuel Faber / Paywall / Centrale Danone

Danone Q2 Sales Growth Slows As Morocco Boycott Weighs

French food group Danone said sales growth slowed in the second quarter, reflecting lost dairy sales stemming from a consumer boycott in Morocco and a truck strike in Brazil.

Chinese demand for baby food and sales from its water division, however, remained solid and Danone also posted a 7.9 rise in first-half operating profit, helped by cost control.

Danone, which is the world's largest yoghurt maker and has brands like Actimel and Activia, expected the boycott in Morocco to continue and to weigh on the second half performance.

"We are entering the second half with an operating model capable of offsetting these headwinds," Finance Chief Cecile Cabanis told a call with journalists.

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