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Share Name | Share Symbol | Market | Type |
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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 | |
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-0.27 | -0.40% | 67.34 | 67.33 | 67.35 | 67.97 | 67.04 | 67.61 | 418,278 | 12:15:49 |
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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