Danone raises sales target for first time in four years
Zurich
DANONE gave a higher sales goal for the first time in four years as it pledged to boost profitability at its fresh-dairy business, which represents more than half of the French company's revenue.
The company said sales growth should exceed 5 per cent through 2020 on a like-for-like basis, according to notes from analysts at Kepler Cheuvreux, Barclays and Exane BNP Paribas.
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