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Danone shows sales and volume increases for H1
Groupe Danone has reported higher profit in the first half, and it raised its sales growth target for the year to at least 6% from 5%.
Highlights
- Sales increased 6.9% in Q2 and 7.0% in H1 10
- Volume growth of 8.9% in Q2 and 9.8% in H1 10
- Trading operating margin, at 15.30%, in line with the margin of FY 09
- Underlying fully diluted EPS increased 7.7% to €1.38 in H1 10
- FCF from operations increased 34.9% to €858m in H1 10
- FY sales outlook increased to at least +6%, margin and FCF outlook reconfirmed.
See more financial information for Danone at this link.
Source: Danone
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