Danone (BN)

Sector:

Food Products

Index:

CAC 40

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€  50.93
   
  • Change Today:
    € 0.00
  • 52 Week High: € 56.95
  • 52 Week Low: € 48.70
  • Currency: Euro
  • Shares Issued: 643.79m
  • Volume: 0
  • Market Cap: € 32,788m
  • Beta: 0.63

Danone's profit drops on higher commodity costs

Date: Wednesday 15 Feb 2012

LONDON (ShareCast) - French foods group Danone is looking for continued sales growth in 2012, albeit at a slower rate than in 2011, as the macro-economic environment stabilises.

Danone reported a 13.6% rise in 2011 sales to €19.32bn, although profits dropped 11% from €1.88bn to €1.67bn due to higher commodity costs.

Core sales rose 7.8%, beating the 7.2% analyst estimate. Annual underlying profit rose 4.5% to €1.75bn, roughly in line with the €1.74bn market forecast.

For this year, the yoghurt company expects comparable net sales growth of 5% to 7% and a stable operating margin. “For 2012, the group expects no significant improvement or decline in the macro-economic environment from the second half 2011,” according to Chief Financial Officer Pierre-Andre Terisse.

Danone currently trades up 1.36% to €49.66.

JM

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Danone Market Data

Currency Euro
Share Price €  50.93
Change Today €  0.00
% Change 0.00 %
52 Week High € 56.95
52 Week Low € 48.70
Volume 0
Shares Issued 643.79m
Market Cap € 32,788m
Beta 0.63

What The Brokers Say

Strong Buy 9
Buy 1
Neutral 13
Sell 1
Strong Sell 8
Total 32
neutral
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