By Giulia Petroni 
 

Danone SA's third-quarter sales were boosted by the appreciation of the Chinese renminbi, the Mexican peso and the British pound against the euro, while the U.S. dollar and other emerging currencies remained stable.

The French food company said quarterly sales of 6.16 billion euros ($7.14 billion) benefited from the positive impact of an exchange rate of 0.8%. Sales were up 3.8% organically on year, driven by 4.6% in value and 0.8% in volume.

On a reported basis, sales increased 5.8% in the quarter, also profiting from a 0.7% organic contribution of hyperinflation geographies to growth and a 0.3% positive scope effect that resulted from the disposal of the Vega brand and integration of coconut water brand Harmless Harvest and plant-based Follow Your Heart.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

October 19, 2021 02:32 ET (06:32 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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