Food group Danone said on Friday it would focus on accelerating sales growth this year and deliver a further rise in profits, thanks to cost cuts and the benefits from its acquisition of U.S. organic food group WhiteWave.
Danone, the world’s largest yogurt maker, said it was targeting a double-digit rise in 2018 recurring earnings per share (EPS) at constant exchange rates, excluding the impact of the sale of a stake in Japan’s Yakult announced this week.
Danone achieved 14.2 percent EPS growth in 2017, in line with its guidance.
“In 2018, the company will progress toward its 2020 ambition through further sales growth and an improved recurring operating margin,” it said in a statement.
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