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DANONE ONE PLANET . ONE HEALTH 2021 First - Quarter Sales Press release - Paris , April 20 , 2021 Danone Q1 sales : last quarter of decline before returning to like - for - like growth First - quarter consolidated sales of € 5,657m , down -3.3 % on a like - for - like ( LFL ) basis , reflecting Covid - related headwinds and lapping high Q1 2020 base of comparison ■ Sharp -7.0 % impact of FX , resulting in a -9.4 % decline in consolidated sales ■ 2021 guidance reiterated : - Back to like - for - like growth as of Q2 ; return to profitable growth in H2 - FY recurring operating margin expected to be broadly in line with 2020 € million except % Q1 2020 Q1 2021 Reported change LFL sales growth Volume growth BY BUSINESS EDP 3,364 3,149 -6.4 % + 1.6 % + 0.5 % Specialized Nutrition 1,949 1,719 -11.8 % -7.7 % -7.0 % Waters 928 790 -14.9 % -11.6 % -11.2 % BY GEOGRAPHICAL AREA Europe & Noram¹ 3,469 3,273 -5.6 % -2.8 % -2.7 % Rest of the World 2,772 2,384 -14.0 % -4.2 % -4.2 % TOTAL 6,242 5,657 -9.4 % -3.3 % -3.7 % ' North America ( Noram ) : United States and Canada Véronique Penchienati - Bosetta and Shane Grant : interim co - CEOs statement " Our first quarter landed in line with expectations and we continue to expect a return to like - for - like sales growth in the second quarter , and to profitable growth in the second half of 2021 . We have now experienced over a year of Covid and the pandemic continues to impact our markets . Though this resulted in an overall decline in sales , -3.3 % on a like - for - like basis , this first quarter has confirmed many of Danone's strengths and ability to win in key areas . EDP sustained its performance momentum in key developed markets , especially in Probiotics , Protein and Plant - based . Growth in Adult Medical Nutrition remained strong , maintaining last years ' momentum . Waters continued to be impacted by out of home trends but showed sequential improvement compared to previous quarters . Our focus is on delivery and execution , and so it is to our highly motivated and engaged Danoners that we send our thanks for their resilience and hard work during these unprecedented times . Through them , together , we will drive Danone back to profitable growth and winning in the market . " For more information , please contact : Media Relations : +33 1 44 70 11 89 - Investor Relations : +33 1 44 35 20 76 Danone : 17 , Boulevard Haussmann , 75009 Paris , France