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Danone: profitability improves in 2017

(CercleFinance.com) - Danone has published underlying EBIT of 3.
49 euros, up 14.2% at constant exchange rates, in line with its FY target, with underlying operating margin of 14.36%, up 70 basis points despite a high inflation of raw material costs.
Sales reached 24,677 million euros, up 12.5% as reported and up 2.5% on a comparable basis, with an acceleration in the second half of the year (+4.2%), driven by growth in all divisions, with stronger innovation plans.
The board of directors will propose a dividend of 1.90 euro per share, up 11.8%. For 2018, Danone expects double-digit growth in underlying EPS (excluding the effect of the Yakult transaction).

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