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.