Danone reported Q3 sales figures below consensus expectations and now targets lower full-year sales growth from 3% to between 2.5% and 3%. The operating margin target is unchanged at above 15%. However, we note some positive points anyway, especially in Early Life Nutrition in China.
18 Oct 2019
FY19 sales growth revised downward
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FY19 sales growth revised downward
Danone SA (BN:WBO) | 0 0 2.7% | Mkt Cap: 44,153m
- Published:
18 Oct 2019 -
Author:
Laura Parisot -
Pages:
3
Danone reported Q3 sales figures below consensus expectations and now targets lower full-year sales growth from 3% to between 2.5% and 3%. The operating margin target is unchanged at above 15%. However, we note some positive points anyway, especially in Early Life Nutrition in China.