Danone infant milk sales to China fuel double-digit growth

Revenue gain at 4.6 per cent exceeds analysts predictions

18th October, 2015

Danone, the world’s biggest yogurt maker, reported third-quarter sales that beat analysts’ estimates. The growth comes as Chinese consumers order more foreign-made infant formula and the company raised prices on fresh dairy products.

Revenue gained 4.6 per cent on a like-for-like basis, Danone said. Analysts had expected growth of 4.3 per cent, according to the median of 17 estimates. Total sales reached €5.64 billion.

Infant nutrition sales rose a total 11 per cent, beating analyst...

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