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BNP BNP Paribas

67.34
-0.27 (-0.40%)
Last Updated: 12:15:49
Delayed by 15 minutes
Share Name Share Symbol Market Type
BNP Paribas EU:BNP Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.27 -0.40% 67.34 67.33 67.35 67.97 67.04 67.61 418,278 12:15:49

Danone 1Q Sales Rose on Specialized Nutrition, Outlook Confirmed

18/04/2018 6:59am

Dow Jones News


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   By Anthony Shevlin 
 

Danone SA (BN.FR) said Wednesday that it confirmed its 2018 outlook after sales in the first quarter rose due to strong performances in its specialized nutrition and waters businesses.

The French food company said sales for the period ending March 31 were 6.09 billion euros ($7.53 billion), up 4.9% on a like-for-like basis, which integrates the company's acquisition of WhiteWave. The company said it will use this indicator until the end of 2018.

Sales in Danone's specialized nutrition business rose 15% on a like-for-like basis to EUR1.81 billion, driven by early-life nutrition in China. The company's waters business posted sales of EUR976 million and Danone said it continued to grow in all regions and segments.

Danone confirmed its outlook for 2018, saying it continues to target double-digit recurring EPS growth at constant exchange rates, excluding the effect of the Yakult transaction.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com

 

(END) Dow Jones Newswires

April 18, 2018 01:44 ET (05:44 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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