date:Feb 21, 2014
igher-than-expected rise in milk and dairy ingredient prices hit margins, it said.
Underlying sales stripping out acquisitions, divestments and currency effects grew 4.8 percent to 21.298 billion euros in 2013, above analysts estimates of 4.7 percent growth.
The drivers were the strong performance of the waters division and the robust performance of dairies. Dairy products account for 60 percent of group sales.
This was in line with Danone's 4.5-5 percent forecast range given in October and t