date:Apr 17, 2013
e from the fourth quarter.
Q1 sales remain fragile, particularly on dairy products, CM-CIC Securities analyst Francis Pretre said in a note. Baby food saved the quarter. We remain very cautious about the recovery expected by the management from H2 and particularly for 2014.
Danone has said it will cut around 900 jobs to cope with the downturn in southern Europe that is hurting its core dairy business.
It is also focusing on product innovation, such as improving recipes or launching new packag