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Danone 2011 sales grow 13.6 pct, proifts down

Danone 2011 sales grow 13.6 pct, proifts down

French food giant Danone SA posted strong growth in revenue last year but saw its profits slip as high commodity prices put pressure on costs.
The company behind Activia yogurt and Evian water reported Wednesday that its sales rose 13.6 percent in 2011 to (EURO)19.32 billion ($25.44 billion).
The group's net income, however, fell 11 percent to (EURO)1.67 billion. Chairman and CEO Franck Riboud blamed the high cost of raw materials.
While the vast majority of Danone's sales are in Europe, Riboud hailed its continuing push into emerging markets. Sales in Asia, which make up just 15 percent of the company's total, grew by 20 percent in 2011.


Updated : 2021-10-25 01:54 GMT+08:00