French dairy group Danone has raised its mid-term like-for-like sales growth objective from an increase of 5% to an increase of 7%.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Addressing its annual Investor Seminar held in New York on Tuesday (28 November), Danone’s management emphasised its solid track record of profitable growth.
Emphasising the positioning of its portfolio in health food categories, Danone told investors that it was confident that it can not only grow like-for-like sales, but also increase its like-for-like trading operating income at a faster rate, predicting income growth of between 7% and 10% annually.
The company said that during the 2007 fiscal year it anticipated margin improvement to be in excess of +20 basis points.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
