Danone eyes 6% growth in turnover: CEO

08:45, July 28, 2010      

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French key food processing company Danone targets to raise its turnover by 6 percent this year, the company's chief executive officer (CEO) said Tuesday.

"Danone will continue to focus on the categories of products and geographies with high potential growth," said Danone CEO Franck Riboud when presenting the first half year results.

"We continue to invest in ...child nutrition in Asia, dairy products in the United States, Brazil and Russia, where the merger Danone Unimilk offers us a very significant growth opportunities in the long term," said Riboud in a statement.

Riboud also targets an increase in operating free cash flow to at least 10 percent and stability of its operating margin in 2010 compared to 2009.

Danone, one of the world's leading food processing firms, saw its net profit jump by 10.1 percent in the first half of this year to 848 million euros (1.10 billion U.S. dollars) driven by high turnover.


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