Danone SA (DANO.PA)
18 Apr 2019
ZURICH Nestle posted higher-than-expected sales growth in the first three months of the year after good momentum in the United States and China, putting it on track to meet its goal of more than 3 percent organic growth this year.
* Confirms 2019 for organic growth above 3 pct (Adds detail, background, share indication, investor and analyst quote)
PARIS French food group Danone shrugged off a slow start to the year on Wednesday, saying it expected sales growth to accelerate after setbacks in China and Morocco.
* Danone keeps 2019 goals, growth to accelerate from Q2 (Adds shares and comments from CFO and analyst)
April 17 Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.
PARIS, April 17 French food group Danone kept its forecasts for a further rise in sales and profits this year although weaker demand for infant formula products in China and a consumer boycott in Morocco weighed on first-quarter sales.
PARIS, April 15 Evian, Danone's popular mineral water brand, said it planned to sell an in-home water appliance featuring a balloon-like recyclable container, as companies around the world step up efforts to cut down on the use of plastic.
PARIS French food group Danone said on Friday it had signed a definitive agreement for the sale of Earthbound Farms, its U.S. organic salad business, to California-based Taylor Farms.
PARIS, April 12 French food group Danone said on Friday it had signed a definitive agreement for the sale of Earthbound Farms, its U.S. organic salad business, to California-based Taylor Farms. Financial terms of the deal were not disclosed. The sale of Earthbound Farms, which had 2018 sales of about $400 million, is part of Danone's portfolio management and capital allocation optimisation strategy, the company statement said.
HONG KONG, March 28 China Mengniu Dairy Co Ltd's 2018 net profit jumped 49 percent, boosted by stronger sales on an improved product mix and stable raw milk prices.