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Danone issues profit warning over Spanish dairy consumption collapse
date:Jun 22, 2012
is pointson a like-for-like basis a reduction on its earlier forecast of a stablemargin.

Shares in Danone fell by nearly 7% following the firms lower profit forecast.

Despite the warning, Danones sales growth target of 5-7% and its targeted 2bn cash flow have been left unadjusted buoyed by robust sales in its emerging markets including Russia, the Americas and Asia.

Complex European market

In a webcast supported its decision, Danone chief financial officer (CFO) Pierre-Andr Trisse said tha

12/21 18:08