Danone reports a 2.6% increase in recurring EPS to 1.80 euros for the first six months of 2024, with recurring operating margin improving by 45 basis points to nearly 12.7%, driven by a strong rise in operating margin.

The food group posted net sales of almost 13.8 billion euros, up 4% on a like-for-like basis, with volume/mix up 2.1% and positive in all categories (+2.9% in the second quarter alone).

Danone confirms its guidance for the full year 2024 of like-for-like sales growth of between +3 and +5%, and a moderate improvement in its current operating margin.

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