Despite its quiet performance, Danone’s share price has topped the CAC 40 index over the last six months, with a gain of almost 12%. This performance demonstrates both the stock’s defensive virtues and the positive trends in the group’s business. This momentum was once again confirmed with the publication of our third-quarter results.

Sales totaled 6.83 billion euros, down 1.2% in gross terms due to the deconsolidation of Horizon Organic and Wallabye, which had a negative perimeter effect of 3.1%, but up 4.2% in organic terms. The latter trend was driven by volumes, up 3.6%, while prices made a positive contribution of 0.7%.

Growth in all regions and business lines

In comparable terms, all business sectors are making a positive contribution. EDP (Essential Dairy and Plant-BasedDairy and Plant-Based Products) rose by 4.1% to 3.28 billion euros, while Specialized Nutrition gained…