Danone has reported strong results for 2024, despite challenges such as currency effects. For 2025, Danone is also optimistic.
Revenue growth despite headwinds
Danone recorded 27.4 billion euros in revenue for 2024, a 4.3 % increase on a like-for-like basis, driven by a 3 % increase in volume and a 1.3 % price hike. In the fourth quarter, sales grew by 4.7 %, with particularly strong performances in North America and Asia.
However, on a reported basis, revenue actually declined by 0.9 %, mainly due to the exit from Russia and the sale of Horizon Organic in the United States, as well as negative currency impacts (- 2.8 %). The recurring operating margin improved by 39 basis points, reaching 13 %, while recurring net income increased by 2.7 % to 2.3 billion euros.
North America and Asia leading growth
In North America, revenue grew 5.2 % on a like-for-like basis, driven by strong demand for high-protein products, coffee-based beverages and bottled water. The European market saw its fifth consecutive quarter of volume growth, while China and North Asia experienced sustained growth across all categories, particularly in specialised nutrition and hydration products.
For this year, Danone expects like-for-like sales to grow between 3 and 5 %, with recurring operating income growing faster than revenue. The company will continue investing in innovation, scientific research and marketing to strengthen its competitive position. CEO Antoine de Saint-Affrique says that the food industry is “at a turning point”. “With our health-driven portfolio, renewed focus on science, and strong brands, we are well-positioned to seize the opportunities ahead.”
