Danone withdraws forecasts due to Corona crisis

PARIS (dpa-AFX) – Danone benefited from hamster purchases in the first quarter due to the corona crisis. However, as the uncertainty caused by the corona pandemic is extremely high and poses big challenges for the manufacturer in terms of production, and the product range must also be partially adapted to the new demand situation, the French manufacturer of food products fully submits its forecast for 2020, which had already been lowered at the end of February. back. This was shared by EuroStoxx 50 companies listed in Paris on Tuesday.

At that time, Danone had already felt the effects of the Corona crisis, in particular on the important Chinese activity. All regions of the world are now affected by the pandemic, so the uncertainty has increased considerably. In the first quarter, sales rose 1.7% to 6.24 billion euros – adjusted for the effects of currency conversions and additions and sales, growth was 3.7%. Danone thus exceeded the expectations of experts surveyed by Bloomberg, who expected only a slight increase in sales.

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