French dairy group Danone SA on Wednesday said 2011 net profit fell to 1.67 billion euros ($2.2 billion), against €1.88 billion in 2010
Danone Chairman and Chief Executive Officer Franck Riboud said 2011 was difficult owing to the "increasingly gloomy macro-economic environment in Europe, plus a steep rise in commodity prices that put pressures on our costs and entire organization."
Sales rose 14% on a reported basis to 19.3 billion euros from 17 billion euros in the year-ago period
On a comparable basis, sales for 2011 and the fourth quarter rose 7.8%
Ribound said 2011 results met the company's targets, with over half of consolidated sales coming from emerging markets for the first time
For 2012, Danone is targeting sales to rise by 5% to 7%, with a stable operating margin and €2 billion in free cash flow
No hay comentarios:
Publicar un comentario