date:Feb 24, 2014
million in fiscal year 2012.
Several factors affected our results, particularly in the second half, Mr. Riboud said. Currencies were volatile in emerging countries, milk prices rose steeply around the world, taxes went up sharply and a false food safety alert triggered by one of our suppliers (Fonterra) had a marked impact on our Early Life Nutrition activities.
Group Danone expects like-for-like sales growth between 4.5% and 5.5% in 2014.