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Danone Sees First Quarter Sales Beat Forecasts

Published on Apr 18 2018 8:29 AM in A-Brands tagged: Featured Post / China / Baby Formula / Danone / Sales / Paywall

Danone Sees First Quarter Sales Beat Forecasts

French food group Danone kept its guidance for a further rise in profits and sales this year after first quarter underlying sales growth beat market expectations, led by strong demand for baby formula products in China.

Danone reported a 4.9 percent rise in first-quarter underlying sales to 6.085 billion euros ($7.53 billion).

The quarterly performance was above a company-compiled median forecast, based on 22 analyst estimates, of 3.9 percent like-for-like growth in group sales.

Danone, the world's largest yoghurt maker whose brands include Actimel and Activia, said its dairy business in Europe was improving although sales remained slightly negative.

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