date:Jul 28, 2014
e sales growth of 4.5 percent to 5.5 percent.
The companys definition of like-for-like excludes currency changes and adjusts for changes in consolidation scope.
In April, Danone forecast this year would be marked by sluggish demand in Europe, higher milk prices and exchange-rate volatility in emerging markets. The full-year operating margin may widen or narrow as much as 0.2 percentage point on a like-for-like basis, the company reiterated today.