date:Apr 17, 2013
ing such as the Ecolean light-weight milk pouch in Portugal, to justify the premium its dairy products command over private labels.
At Danone's dairy division, which makes up nearly 60 percent of revenue, sales grew 0.7 percent in the quarter, a slowdown from 1.3 percent growth in the fourth quarter of 2012.
This reflected a 0.5 rise in sales volumes and one less day in the quarter when compared with the year-earlier period. Conditions in Europe, where sales fell 5.1 percent, remained difficul