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).