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4.1 CONSOLIDATED FINANCIAL STATEMENTS AND NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Note 5. Information concerning the Group's operating activities
DANONE
REGISTRATION DOCUMENT 2015
94
Information by Division
Year ended December 31
(in € millions, except percentage)
Net sales
(a)
Trading operating income
Trading operating margin
2014
2015
2014
2015
2014
2015
Fresh Dairy Products
11,129
11,057
1,033
1,100
9.3%
9.9%
Waters
4,186
4,768
539
542
12.9%
11.4%
Early Life Nutrition
4,397
4,994
828
965
18.8%
19.3%
Medical Nutrition
1,432
1,593
262
286
18.3%
17.9%
Group total
21,144
22,412
2,662
2,892
12.6%
12.9%
(a) Net sales to third parties.
Information by geographical area
Net sales, Trading operating income and Trading operating margin
Year ended December 31
(in € millions, except percentage)
Net sales
(a)
Trading operating income
Trading operating margin
2014
2015
2014
2015
2014
2015
Europe
(b)
8,522
8,900
1,336
1,536
15.7%
17.3%
CIS & North America
(c)
4,525
4,471
387
388
8.6%
8.7%
ALMA
(d)
8,097
9,041
939
969
11.6%
10.7%
Group total
21,144
22,412
2,662
2,892
12.6%
12.9%
(a) Net sales to third parties.
(b) Including €2,204 million of net sales generated in France in 2015 (€2,010 million in 2014).
(c) North America = United States and Canada.
(d) Asia-Pacific/Latin America/Middle-East/Africa.
Top ten countries contributing to consolidated net sales
Year ended December 31
(in percentage)
2014
2015
United States
9%
11%
France
10%
10%
China
7%
7%
Russia
9%
7%
United Kingdom
5%
6%
Indonesia
5%
6%
Argentina
4%
6%
Mexico
5%
5%
Spain
5%
5%
Germany
4%
4%