PARIS (dpa-AFX) - French dairy giant Danone SA (DANOY.PK) said it expects sales growth to exceed 5 percent by 2020 on a like-for-like basis. The company said in a presentation that it maintained its 2015 forecast for 4 percent to 5 percent organic sales growth, and a slight growth in trading operating margin.
Emmanuel Faber, CEO unveiled his strategy in a three-day seminar that ends Wednesday in Evian, France.
The fresh-dairy unit aims to widen its profit margin more than 2 percentage points on a currency-neutral basis by 2020 as its sales will increase 3 percent to 5 percent.
The company expects its water and infant-formula units to reach sales growth of 7 percent to 10 percent, while the medical-nutrition business aims for growth of 6 percent to 8 percent.
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