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Danone SA Revises FY 2013 Sales and Trading Operating Margin Guidance

Tuesday, 15 Oct 2013 08:00pm EDT 

Danone SA announced that it is revising its fiscal year 2013 targets. The Company now expects of like-for-like sales growth to between +4.5% and +5% and a -80 bps like-for-like decline in trading operating margin. This revision is a result of the false alert issued by Fonterra concerning ingredients supplied to Danone SA which triggered the recall of selected infant formula products and led to losses in sales, earnings and cash-flow. The Company reported revenue of EUR 20.869 billion. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 21.831 billion. 

Company Quote

3 Aug 2015