Yogurt maker Danone posted an 8.3% rise in first-quarter sales to ˆ3.98bn thanks to strong demand for its dairy and baby-food products. The group also confirmed its targets for 2010 of like-for-like sales growth of at least 5% and an increase of the free cash flow from operations of at least 10% on a reported basis. Franck Riboud, Chairman and CEO of Danone said: «While emerging countries are boosting our sales growth, all our geographies are progressing, with notably strong performances of our Dairy operations in the US and Russia.» «Our performance in the first quarter, coupled with our leading market positions and brands, allow us to confirm our targets for 2010.» However, the group cautioned that it continues to face a challenging financial, economic and social environment in 2010.
Agro Perspectiva
