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World milk and yogurt soon expensive?: Danone wants to increase prices for losses

12:05  19 october  2021
12:05  19 october  2021 Source:   ksta.de

‘Unprecedented’ hunger in Lebanon as fuel crisis hikes food costs

  ‘Unprecedented’ hunger in Lebanon as fuel crisis hikes food costs Families skip meals and forgo staples as Lebanon’s paralysing fuel crisis causes food prices to skyrocket.“More and more people are struggling with money and asking us to let them pay later,” the 30-year-old Syrian refugee from Deraa told Al Jazeera, as a growing fuel crunch has led food prices to skyrocket.

Despite rising sales, the food group will provide Danone exploding costs. Which initially started with higher prices for raw materials, have recently reinforced through far-reaching restrictions on the supply chain, said Financial Officer Jürgen Esser on Tuesday at the submission of sales to the third quarter in Paris. The company now wants to counteract with price increases and productivity increases. Many corporations complain in addition to problems with raw material procurement also over massive increased logistics costs. However, his annual forecast confirmed the management.

Danone will seine Preise erhöhen. © Picture Alliance / DPA Danone wants to increase its prices.

In the third quarter, Danone increased its sales by 5.8 percent to just under 6.2 billion euros. Adjusted for currency effects as well as purchases and sales, growth was 3.8 percent. Thus, the growth trend continued from the previous quarter. All areas contributed to sales increase, while the business with milk and vegetable products continued its strong development. But the water division as well as the field of specialty food continued to recover.

For 2021, Danone continues to expect a return to profitable growth in the second half of the year. The company had recorded lower revenues in the first six months after a weak first quarter. For profit, the Group made no information. (dpa)

Why the vending machine is making a comeback .
From milkshakes to pizzas, new vending machines are selling an expanding range of products.Mr Smyth's Milk Shack sells his Wholey Cow brand of milk in half-litre and litre recyclable glass bottles.

usr: 28
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