Danone net income increased 43% in 2017
In 2017, the French company Danone increased its net income by 42.62% to EUR 2.45 billion.
Earnings per share (EPS) amounted to EUR 3.91, up 40.1% (2016: EUR 2.79).
Sales volumes rose 12.5% to EUR 24.677 billion like-for-like sales gained 2.5%.
"In 2017, Danone once again demonstrated the strength of its portfolio, the resilience of its business model and its ability to execute. Despite volatile food and beverage markets and rising input costs, we delivered very strong full-year results, with double-digit recurring earnings per share growth in line with our latest guidance. We closed the year with an accelerated sales growth rate, outperforming the industry average," says Emmanuel Faber, Chairman and Chief Executive Officer.
Reference: Danone Board of Directors voted to combine the functions of chairman and chief executive officer.