2024 Third-Quarter Sales Press release – Paris, October 24, 2024
Continued strong momentum in Q3
Consistently delivering quality growth
Sales reached €6,826m in Q3 2024, up +4.2% on a like-for-like (LFL) basis. Strong volume/mix, up +3.6%, and price up +0.7%; volume/mix and price positive in all categories. Continued strong performance in North America driven by High Protein, Coffee Creations and Waters. Further acceleration in Europe volume/mix, driven by EDP. Another quarter of strong competitive momentum in China, North Asia & Oceania, led by all categories. 2024 guidance confirmed: like-for-like sales growth expected between +3% and +5%, with moderate improvement in recurring operating margin.
BY GEOGRAPHICAL ZONE
Europe 2,392 2,427 +1.5% +1.4% +2.4% 7,069 7,210 +2.0% +1.6% +0.9%
North America 1,747 1,611 -7.7% +5.8% +4.9% 5,164 4,943 -4.3% +4.4% +3.5%
China, North Asia & Oceania 896 967 +7.9% +8.0% +10.2% 2,674 2,808 +5.0% +8.4% +8.9%
Latin America 771 706 -8.5% +2.7% -0.7% 2,233 2,265 +1.4% +4.0% -0.4%
Rest of the World 1,100 1,115 +1.4% +6.0% +1.2% 3,977 3,350 -15.8% +5.8% +1.4%
BY CATEGORY
EDP 3,474 3,283 -5.5% +4.1% +3.8% 10,973 10,066 -8.3% +3.5% +2.4%
Specialized Nutrition 2,070 2,189 +5.7% +5.2% +4.1% 6,369 6,599 +3.6% +4.6% +2.7%
Waters 1,362 1,354 -0.6% +3.2% +2.3% 3,775 3,910 +3.6% +5.0% +2.9%
Antoine de Saint-Affrique: CEO statement
With like-for-like sales growth of +4.2% in Q3, driven by +3.6% volume/mix, we continue to deliver broad-based quality growth, with both volume/mix and price positive in all categories. Our consistent focus on science based and consumer and patient centric innovation, combined with strong in-market execution keeps paying off, as demonstrated by the continued good performance of our winning platforms such as High Protein, Coffee Creations and Medical Nutrition.
How will this affect me?
As a consumer, you can expect to see continued innovation and quality growth from the company, potentially leading to new and improved products in the market. This could also impact pricing and availability of certain products in your region.
How will this affect the world?
The strong sales performance of the company indicates a positive economic outlook, which can have a ripple effect on the global market. It may attract more investors and boost confidence in the industry, leading to overall growth and stability in the world economy.
Conclusion
In conclusion, the 2024 Third-Quarter Sales results reflect a continued strong momentum and growth for the company. With a focus on innovation and quality, the company is poised for further success in the future, impacting both consumers and the global market positively.
