Danone: targets FY 2019 sales growth of around 3%
(CercleFinance.com) - Danone's Q2 2019 consolidated sales came in at 6.
5 billion euros, up 2.5% like-for-like. In value, sales increased by 3.5%.
Sales reached 12,648 million euros in the first half, up 1.7% like-for-like (+1.2% as reported).
Underlying operating profit reached 1.9 billion euros in the first half of 2019, representing an underlying operating margin of 14.69%, up 42bp on a reported basis.
For 2019, Danone targets sales growth of around 3% like-for-like, with an underlying operating margin of over 15%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
5 billion euros, up 2.5% like-for-like. In value, sales increased by 3.5%.
Sales reached 12,648 million euros in the first half, up 1.7% like-for-like (+1.2% as reported).
Underlying operating profit reached 1.9 billion euros in the first half of 2019, representing an underlying operating margin of 14.69%, up 42bp on a reported basis.
For 2019, Danone targets sales growth of around 3% like-for-like, with an underlying operating margin of over 15%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.