Danone's 2018 Net Profit and Sales Fell; Targets 2019 Growth
February 19 2019 - 2:02AM
Dow Jones News
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)
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