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Danone SA Adjusts FY 2012 Guidance

Wednesday, 17 Oct 2012 01:41am EDT 

Danone SA announced that it has decided to adjust its targets for 2012 as follows: the target for sales growth is unchanged at +5-7% on a like-for-like basis, with the robust performance of operations in Asia, the Americas, Africa/Middle East and the CIS continuing to help offset pressure on Western Europe, the target for trading operating margin is reduced from "stable" to "down 50 basis points on a like-for-like basis". This adjustment is aimed at deploying initiatives needed in Southern Europe, while continuing to develop Group sales and profitability in the rest of the world, the free cash flow target is unchanged at EUR 2 billion, with the Group continuing to make progress, in particular in its management of working capital. 

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-0.63 -1.11%
10:24am EDT