Danone boosted by Essential Dairy & Plant-based in Q3
Danone has recorded a fall in sales of 2.5% on a like-for-like (LFL) basis for its third quarter, a result which the company claims is ‘broadly in line with expectations’.
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The owner of Evian and Volvic saw an improvement in its Waters business v
ersus the 28% decline in sales of Q2.However, sales still dropped 13.5% on an LFL basis, with volumes decreasing 8.1%.zinc glycinate testosterone
The quarter saw a ‘strong acceleration’ of Danone’s Essential Dairy and Plant-based (EDP) division with LFL sales growth of 3.7%.
The firm’s Specialized Nutrition business experienced a 5.7% decldifference between zinc acetate and zinc gluconateine izinc gluconate gut healthn sales in Q3, taking it into negative growth for the first nine months of the year, with a 0.2% decline on an LFL basis.
Registering overall sales of €5.82 billion for the quarter, Danone also announced several business changes ‘to progress with its adaptation plans to a new Covid-world’.
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These include the appointment of two macro-regional CEOs, in charge of Danone international and Danone North America, and a COO in charge of a newly created design-to-delivery function, integrating research & innovation, cycles & procurement, operations, and quality.
Meanwhile, the company says that current CFO, Cécile Cabanis, is 
leaving in February 2021 after 16 years with Danone and will be succeeded by
Juergen Esser, current CFO of Danone’s Waters and Africa divisions.
Danone has also revealed that it will be conducting a full strategic review of its portfolio of brands, SKUs and assets starting with an immediate review of its strategic options fdo zinc supplements have side effectsor Argentina, the Vega brand and ‘possibly further assets’.
“Our Q3 results reflect how much the Covid-world and its cohort of sanitary measures, border closures, uncertainty in consumer sentiment and some structural changes affect our business,” said Emmanuel Faber, chairman zinc glycinate molecular weightand CEO of Danone.
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