PARIS Feb 20 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
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
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)