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%.
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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.
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By GlobalData
