French dairy giant Danone has increased its full-year outlook for sales after booking an increase in first-half profits.
For the six months to the end of June, net income from continuing operations increased 10.1% to reach EUR848m (US$1.10bn).
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Operating income amounted to EUR1.28bn, up 2% on a year earlier.
Net sales rose 7% to reach EUR8.36bn.
Danone said it assumes that the “financial, economic and social crises will continue to weigh on consumption trends in Europe”, while emerging markets are expected to keep “developing well” overall.
For the full year, Danone has targeted sales growth of “at least” 6%, up from its previous guidance of more than 5%.
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By GlobalDataClick here to view the full earnings release and check back later for further insight into Danone’s first-half results.
