PARIS (dpa-AFX) - French dairy giant Danone SA (DANOY.PK) reitereated its 2014 oultook, that included organic growth of over 4.5% and trading operating margin down less than 20 basis points like-for-like. Free cash-flow is likely to be between 1.3 billion euros and 1.4 billion euros.
CEO Emmanuel Faber said: 'As 2014 draws to an end, I want to re-emphasize that message and reiterate that each of our core businesses-Fresh Dairy Products, Waters, Early Life Nutrition and Medical Nutrition-has a role to play in living up to our mission and achieving the profitable, sustainable growth that is an integral part of our strategy.'
Danone would continue to expand capacity rapidly and build development platforms in fast-growing regions, mainly Asia and Africa.
Effective January 1, 2015, Gustavo Valle is appointed as Executive Vice President Fresh Dairy Products; Pierre-André Térisse as executive Vice President of the newly created Africa division, while Cécile Cabanis would replace Pierre-André Térisse as CFO, which is effective February 20, 2015.
Copyright RTT News/dpa-AFX