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Danone shows earnings increase
Groupe Danone SA has reported a 3.7% earnings increase, boosted by strong growth in its baby food division and demand in Asia.
Highlights
- Sales increased 5.5% in Q4 and 3.2% in FY 09
- Volume growth of 8.9% in Q4 and 5.2% in FY 09
- Trading operating margin improved 61 bps to 15.31% in FY 09
- Underlying fully diluted EPS increased 10.2% (excl the impact of the rights issue) to €2.57 in FY 09
- Free cash flow from operations increased 20.6% to €1,427m
- Proposal to pay a dividend of €1.20 per share
- Full-year targets aligned with MT outlook and stable Ebit margin expected vs 2009.
Source: Danone
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