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| Name | Symbol | Market | Type |
|---|---|---|---|
| Danone (QX) | USOTC:DANOY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.22 | -1.73% | 12.51 | 12.38 | 12.60 | 12.54 | 12.4638 | 12.50 | 498,893 | 21:00:01 |
From Apr 2019 to Apr 2024
By Anthony Shevlin
Danone SA (BN.FR) said Tuesday that net profit and sales for 2018 fell slightly, but the company sees like-for-like sales growing in the year ahead.
The French food company said net profit for the year was 2.35 billion euros ($2.66 billion), compared with EUR2.45 billion the year previous. An analyst consensus provided by Danone saw net profit at EUR2.28 billion.
Full-year sales fell 0.7% on a reported basis to EUR24.65 billion, but like-for-like sales grew 2.9%. Sales for 2018 were in line with a consensus provided by Danone.
Sales in the fourth quarter were EUR6.01 billion compared with EUR6.14 billion the year previous.
Danone raised its dividend to EUR1.94 a share from EUR1.90 a share.
For 2019, Danone targets like-for-like sales growth of around 3% and a recurring operating margin above 15%.
Danone sees mid-to-high single-digit inflation in the costs of raw and packaging materials for the year ahead.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin
(END) Dow Jones Newswires
February 19, 2019 01:47 ET (06:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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