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BRIEF-Danone eyes 2016 margin growth at high-end of guidance range
October 18, 2016 / 8:00 AM / a year ago

BRIEF-Danone eyes 2016 margin growth at high-end of guidance range

Oct 18 (Reuters) - Danone Chief Financial Officer Cecile Cabanis tells analysts during a call:

* Danone’s goal is still to stabilise dairy sales in Europe in 2016

* Expects group to be “in the low end of (guidance) range for top line, high end for margin” in 2016.

* Danone’s guidance for 2016 is of like-like sales growth of 3-5 percent and a rise in operating margin of 50-60 basis points.

* Expects China transition to last “a few quarters” Source text for Eikon: Further company coverage: (Reporting By Dominique Vidalon)

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