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Danone worried about its waters in China

2020-02-26T17:03:13.003Z


The group estimates the impact of the coronavirus at 100 million euros.


Like many consumer groups, Danone is entering 2020 in uncertain areas. After reporting a 2.6% increase in its turnover for 2019 to 25.3 billion euros, and 7.4% in its operating profit, the dairy and water giant has made Wednesday a first estimate of the impact of the coronavirus epidemic. In the first quarter of 2020, it estimates the shortfall in the Chinese market at 100 million euros, its second after the United States. If the waters weigh only one third of Danone's activity in the country, they represent two thirds of the loss of activity. Specialized nutrition activities, especially for children, which weigh for the rest of the shortfall.

Read also: "Coronavirus, spark of the next economic crisis?"

A provisional but already significant figure. In fact, with 10% of its sales, China weighs heavily on Danone. The French dairy employs 8,200 people there on 8 sites: 1 in medical nutrition and 7 in Waters, including one in the province of Wuhan. Traffic restrictions,

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Source: lefigaro

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