Danone eyes sales acceleration in 2014
PARIS Feb 20 (Reuters) - French food group Danone said sales growth would accelerate this year as a recovery in European dairy gathers momentum and as it seeks to rebuild demand eroded by an Asian recall of high-margin infant formula products.
The world's largest yoghurt maker predicted that its 2014 operating margin would be stable within a range of 20 basis points lower to 20 basis points higher, having fallen 81 basis points to 13.19 percent in 2013, in line with a company-compiled consensus of analysts.
The maker of Activia and Actimel yoghurt, Evian water and Bledina baby food said underlying sales in 2013 grew 4.8 percent to 21.298 billion euros ($29.29 billion), above analysts estimates of 4.7 percent growth.
This was in line with Danone's 4.5-5 percent forecast range given in October and topped the 4.6 percent achieved by Swiss rival Nestle.
For this year, Danone set a goal of underlying sales growth of 4.5 percent to 5.5 percent. ($1 = 0.7271 euros) (Reporting by Dominique Vidalon; Editing by James Regan)
- Former WWE champ nabs suspected burglar in Arizona
- Thousands take to N.Y. streets to protest Israeli offensive in Gaza
- First Ebola victim in Sierra Leone capital on the run
- U.S. fighter jets escort Canadian plane home over passenger threat
- Apple iPhones allow extraction of deep personal data, researcher finds