Breaking News on Dairy Processing & Markets

Headlines > Financial

News in brief

Analyst tips Danone to be well ahead of expectations

14-Apr-2010

Related topics: Financial

Bernstein Research analyst Andrew Wood has predicted that Danone will easily beat consensus expectations when it reports Q1 sales tomorrow.

“We believe that Q1 2010 will show further progress from the momentum seen in late 2009 and will be well ahead of consensus expectations,” said Wood in a note to investors.

Overall the analyst expects reported sales growth to be 8.6 per cent as opposed to a consensus figure of 6.3 per cent.

In particular, the analyst said he expects Fresh Dairy to continue to accelerate, with volume growth reaching 11 per cent and organic growth 7 per cent.