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Danone H1 Net Income Declines; Affirms 2019 Outlook - Quick Facts

French food company Danone SA (DANOY.PK) reported that its first-half net income - Group share declined to 1.04 billion euros from 1.20 billion euros in the year-ago period. Earnings per share decreased to 1.58 euros from 1.87 euros in the prior-year period. Recurring earnings per share were 1.87 euros, compared to 1.76 euros last year.

First-half sales increased 1.2 percent to 12.65 billion euros from 12.50 billion euros last year. On a like-for-like basis, sales increased 1.7 percent.

Looking forward, Danone affirmed its fiscal 2019 outlook for like-for-like sales growth of around 3 percent and recurring operating margin above 15 percent.

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