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Solid dairy results

This article was originally published in Foodnews

GROUPE Danone has released its third quarter results, in line with fullyear targets. Sales grew 31.2% to €3.85 billion - and on a like-for-like basis, an increase of 8.3%, driven by a 2.6% rise in volume and 5.7% rise in value. Of the sales, fresh dairy was still the most important business division, accounting for €2.21 billion in the third quarter (a like-for-like increase of 8.2%), followed by waters at €733 million (+3.7%), baby nutrition at €692 million (+12.7%) and medical nutrition at €216 million (+11.7%).

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