Danone Backs 2019 Guidance Despite 1st Half Profit Slip

Date : 07/25/2019 @ 6:01AM
Source : Dow Jones News
Stock : Danone (QX) (DANOY)
Quote : 16.2  0.13 (0.81%) @ 10:20PM
Danone (QX) share price Chart
After Hours
Last Trade
Last $ 16.19 ▼ -0.01 (-0.09%)

Danone Backs 2019 Guidance Despite 1st Half Profit Slip

Danone (EU:BN)
Historical Stock Chart

6 Months : From Jul 2019 to Jan 2020

Click Here for more Danone Charts.
   By Anthony Shevlin 
 

Danone SA (BN.FR) said Thursday that net profit for the first half fell slightly but the company backed its full-year outlook.

The French company said net profit for the period was 1.04 billion euros ($1.16 billion) compared with EUR1.20 billion the year prior.

Sales in the first half rose 1.7% on a like-for-like basis to EUR12.65 billion.

Second-quarter sales were EUR6.50 billion, the company said.

Danone backed its guidance for the year and expects like-for-like sales growth of around 3% and a recurring operating margin above 15%.

Danone Chief Executive Emmanuel Faber said: "We are well on track for our 2020 objectives. With unchanged expectations for the full year, I am confident that the improved fundamentals of our business will continue to drive top-line growth acceleration and margin expansion throughout rest of the year."

 

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

 

(END) Dow Jones Newswires

July 25, 2019 01:46 ET (05:46 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest DANOY Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200124 00:17:08