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Danone cuts 2013 financial goals as infant formula recall hit Q3 sales
date:Oct 17, 2013
n from 6.5 percent growth in the second quarter.

For 2013, Danone said it now expected 2013 like-for-like sales growth of between 4.5 percent and 5 percent.

It now expects its full-year operating margin to decrease by 80 basis points against a previous forecast of a decline of between 30 and 50 points. Free cash flow is seen at between 1.5 billion and 1.6 billion euros, also below an initial forecast of 2 billion.

12/25 06:48