20 Feb 2015 13:03

Danone in Q4 substantially cuts sales of dairy products in Russia, but offsets this with price rise

MOSCOW. Feb 20 (Interfax) - France's dairy product producer, Danone, in Q4 2014 substantially lowered the sales volume of dairy products in Russia due to the weakening of consumer demand.

"In Russia, where consumer demand weakened, continued portfolio enhancement achieved through higher prices and a positive mix effect offset the significant decline in volumes driven by low value-added segments," Danone said in a statement.

At the same time, the sales of baby food in Russia demonstrated double-digit growth.

Danone produces products under the brand names Activia, Danacol, Danette, Evian, Volvic, Nutricia and others.