Boycott. Centrale Danone's sales fall 30% in the first quarter of 2019



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per Wadie El Mouden the 04/17/2019 at 17h48

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© Copyright: DR

The Centrale Danone products boycott continues to affect the results of the global food giant. Sales of the Moroccan subsidiary fell 30% in the first quarter of 2019, a level comparable to that observed in the fourth quarter of 2018.

The agri-food group Danone started a shy year, affected by the boycott in Morocco and the decline in child nutrition in China, but expects to accelerate from the second quarter.

In the first quarter of 2019, the consolidated sales of the Danone Group totaled 6.13 billion euros, up 0.8%, with a 3% increase in value.

Excluding Morocco, hit by a boycott movement that began in April last year, sales growth on a like-for-like basis was 1.5%, with a -1% decrease in volume, the group said in a statement. report. declaration.

The effects of the boycott in Morocco will be minimized in the group's accounts in the second quarter of 2019, financial director Cécile Cabanis said during a teleconference quoted by the AFP news agency.

From Wadie El Mouden

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