Danone’s 2024 Full-Year Results: Confidently Entering the Next Chapter of Renew
Paris, February 26, 2025 – Danone, a leading global food company, has reported strong financial results for the full year 2024, with sales reaching €27,376 million, up +4.3% on a like-for-like (LFL) basis. This growth was driven by a +3.0% increase in volume/mix and a +1.3% price hike.
Strong Performance Across Regions
The company’s performance was notable across various regions. In North America, Danone continued to experience strong momentum in High Protein, Coffee Creations, and Waters, with +4.2% volume/mix growth in Q4 2024. In Europe, Danone demonstrated further progress in competitiveness, achieving a fifth consecutive quarter of positive volume/mix growth at +3.0% LFL.
Sustained Growth in Asia and Oceania
In China, North Asia, and Oceania, Danone maintained competitive growth in all categories, reflecting the company’s commitment to expanding its presence in these markets.
Operational Improvements and Future Investments
Recurring operating margin increased by +39 bps to 13.0%, driven by strong improvement in margin from operations while consistently reinvesting into future growth. The company reported a record level of free cash flow at €3.0bn, up +14.0%.
CEO Statement
“We close the first chapter of Renew with a strong set of results, fully delivering on our 2022 mid-term guidance. In 2024, the quality of our growth has further improved, reaching +4.3% like-for-like sales growth driven by +3% volume/mix,” said Antoine de Saint-Affrique, Danone’s CEO.
Impact on Consumers
Danone’s strong financial performance may lead to increased investment in research and development, potentially resulting in new and innovative product offerings for consumers. Additionally, the company’s continued growth in key markets like North America and Europe could lead to wider availability and accessibility of Danone’s products.
Impact on the World
Danone’s success in 2024 could have a ripple effect on the global food industry. As a leading player in the sector, Danone’s achievements in areas like sustainable growth and operational efficiency could influence other companies to adopt similar strategies. Moreover, Danone’s expansion in emerging markets could contribute to economic growth in those regions and create new opportunities for local suppliers and producers.
Conclusion
Danone’s strong full-year 2024 results demonstrate the company’s commitment to delivering high-quality growth and achieving its mid-term ambitions. With continued growth in key markets and operational improvements, Danone is poised to enter the next chapter of its Renew program with confidence. The potential impact on consumers and the world is significant, with the possibility of new product offerings, increased availability, and potential industry-wide influence.
- Danone reports +4.3% like-for-like sales growth in 2024
- Volume/mix up +3.0%, price up +1.3%
- Strong performance in North America, Europe, China, North Asia, and Oceania
- Recurring operating margin up +39 bps to 13.0%
- Record level of free cash flow at €3.0bn
- Potential for increased investment in R&D and new product offerings
- Potential impact on global food industry and economic growth
