Shares in Danone SA rose on Wednesday after the French food products group reported better-than-expected fourth quarter sales that were fueled by higher prices.<\/p>\n\n\n\n
Total sales during the three months to the end of December jumped by 12% on a reported basis to \u20ac7.01B (\u20ac1 = $1.0644), mainly driven by stronger pricing and positive foreign exchange effects that helped offset a decline in volumes. Bloomberg consensus forecasts had seen the number at \u20ac6.96B.<\/p>\n\n\n\n
Danone’s move to make items more expensive comes as the maker of brands like Activia yogurts and Font Vella water faces a steep recent uptick in input costs. The elevated expenses weighed on recurring operating income in 2022, but the figure still inched up by 1.2% year-on-year to \u20ac3.38B, beating estimates.<\/p>\n\n\n\n
“While 2022 was a year of unprecedented external challenges and volatility, for Danone it has also been a year of deep transformation and solid delivery,” said chief executive Antoine de Saint-Affrique in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares in Danone SA rose on Wednesday after the French food products group reported better-than-expected fourth quarter sales that were fueled by higher prices. Total sales during the three months to the end of December jumped by 12% on a reported basis to \u20ac7.01B (\u20ac1 = $1.0644), mainly driven by stronger pricing and positive foreign exchange effects that …<\/p>\n","protected":false},"author":9,"featured_media":80414,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-80413","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=80413"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80413\/revisions"}],"predecessor-version":[{"id":80417,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80413\/revisions\/80417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/80414"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=80413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=80413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=80413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}