Danone forecasts operating margin improvement

• Danone (OTCQX:DANOY, OTCQX:GPDNF) estimates an improvement in its trading operating margin of 50 to 60 bps this year on a like-for-like basis.
• The French company backs its prior guidance for 3% to 5% comparable-sales growth for the year. Long-term targets also remain unchanged.
• "This is positive news as investors were concerned about Danone’s ability to improve margins and maintain its organic revenue growth rate," notes MainFirst analyst Alain Oberhuber.
• Danone guidance update (.pdf)