Arab Today, arab today eurozone crisis sours danone outlook
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

Eurozone crisis sours Danone outlook

Arab Today, arab today

Arab Today, arab today Eurozone crisis sours Danone outlook

Paris - AFP

French food industry group Danone said Tuesday that the eurozone crisis had led to a drop in consumption in southern European countries and warned its operating margin would be squeezed. The announcement sent shares in Danone, which also produces Evian water and Bebelac infant formula, plunging 6.05 percent to 48.71 euros in early trading while the market was up 0.41 percent overall. \"Since the end of the first quarter, the Group has faced a swift deterioration in consumption in Southern Europe that has proven steeper than anticipated, especially in Spain,\" said Danone. Prices for raw materials were also higher than initially expected. While it kept its target of 5.7 percent annual sales growth due to strong performance in the rest of the world, it said it now expected its trading operating margin would drop by 0.5 percent instead of staying stable. The company recorded a trading operating margin of 14.7 percent in 2011. It said the adjustment was needed to take initiatives to deal with the sales slump in southern Europe. In April, Danone said that its 2012 first-quarter sales had gained 7.6 percent on a 12-month basis to 5.1 billion euros ($6.4 billion), and stood by its full-year targets.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone crisis sours danone outlook Arab Today, arab today eurozone crisis sours danone outlook

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone crisis sours danone outlook Arab Today, arab today eurozone crisis sours danone outlook

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday