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Danone Reports Growth in H1 Net Profit, Confirms Target

Source: Danone

29 July 2013

  • Solid growth in H1 2013 sales[1], up +6.0% like-for-like[2] and +5.6% as reported
  • Second-quarter trends confirm a good start to the year, with sales[1] up +6.5% like-forlike[2] and reported sales up +6.7%, reflecting the strongest growth in volume in the pasteight quarters
  • Sales growth held at over +10%[2] in emerging markets/North America as a whole in Q2,while in Europe the decline was lower than in the previous quarter (-3.0%[2])
  • Trading operating margin[3] of 13.34% in H1 2013, with a decline similar to that observedin 2012 (-49 bps)[2], in line with targets
  • Underlying fully diluted earnings per share[3] at €1.48, steady like-for-like[2] anddown -2.4% from 2012 as reported
  • Free cash-flow[3] in H1 2013 at €714 million excluding exceptional items[3]
  • Full-year 2013 targets confirmed: sales[1] growth of at least +5%[2], trading operating margin down by between -50 and -30 bps[2], and free cash-flow of around €2 billionexcluding exceptional items  
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