Danone returns to growth in its volumes in Europe, after 10 years of decline. In 2023, the giant of dairy products, infant nutrition and water saw its turnover increase by 7%, to 27.6 billion euros.
Its operating margin increased from 12.2% to 12.6%, driven by emerging countries. The group is reaping the fruits of its “Renew Danone” strategy deployed over the past two years, with the main focuses of rationalizing its portfolio and investing in innovation.