Danone S.A. (DANOY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Danone third quarter 2025 sales conference call and webcast. At this time all participants are in a listen-only mode. After speaker's presentation there will be a question and answer session. To ask a question during the session please press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question please press star 1 and 1 again. Please note that today's conference is being recorded. I would now like to have the conference over to your speaker, Mathilde Rodier, Head of Investor Relations of Danone. Please go ahead. Good morning, everyone. Mathilde Rodier speaking. Thank you for being with us this morning for Danone's 2025 Q3 Sales Call. I'm here with our CFO, Jorgen Esser, who will go through some prepared remarks before taking your questions. And before we start, I draw your attention to the disclaimer on slide 21 of the presentation related to forward-looking statements and the definition of financial indicators that we'll refer to during the presentation. And with that, let me hand it over to Jürgen. Thank you, Mathilde, and good morning. Thank you all for joining our Q3 call. A great occasion to share with you our latest sales performance and to discuss the progress on our midterm ambition. So let's begin by looking at our headline results for the quarter, starting with slide number two. As highlighted in our press release this morning, we are announcing a strong set of numbers with like-for-like sales growth of as much as plus 4.8%, a growth that is driven mainly by volume mix of plus 3.2%. Building on the momentum from the first six months of this year, this represents another quarter of consistent quality growth. In what remains a volat...