China challenges weigh on Danone third-quarter sales

China challenges weigh on Danone third-quarter sales

French food group Danone reported a slowdown in quarterly sales growth on Tuesday that was slightly worse than expected as difficulties in China hurt its baby food and water divisions.
The world's largest yoghurt maker kept its full-year guidance, however, and said it was confident about its goal to stabilise dairy sales in Europe, while adding its medical nutrition business was strong.
"Even if the China transition weighs on the growth of the quarter, the rest of our platforms continue to feed solid growth, fully in line with our agenda," Chief Financial Officer Cecile Cabanis... read more

18 October 2016 in Business, Views: 41
Source: Reuters

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