Danone forecasts higher profitability on cost control
The French yoghurt maker expects sale growth of 3% to 5% this year
Danone forecast profitability will improve this year as it contains costs to adjust for difficult markets such asChina and Russia.
The trading operating margin should widen by 50 to 60 basis points in 2016 on a like-for-like basis, the French yoghurt maker said in an unscheduled statement on Tuesday. The company previously targeted “solid improvement.” Danone reiterated its forecast for comparable sales growth of three per cent to five per cent this year. ...
