View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 30, 2008

FRANCE: Danone confirms 2008 growth objectives

Groupe Danone, the French dairy and baby food company, confirmed its earnings and growth objectives for 2008 at its annual shareholders meeting yesterday (29 April).

Groupe Danone, the French dairy and baby food company, confirmed its earnings and growth objectives for 2008 at its annual shareholders meeting yesterday (29 April).

Danone’s new chief financial officer Pierre-Andre Terisse said the group expects a sales growth of between 8% and 10% for this year, and an earnings-per-share growth of least 15%.

Danone’s revenue rose 11% in the first quarter, from a year earlier, driven by continuing double-digit growth in its core dairy products division.

Last year, Danone sold its cookies business to US-based Kraft Foods. It also sold its stake in Bright Dairy & Food Co., and bought Dutch baby food company Royal Numico for EUR12.3bn (US$19.1bn).

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food