In the occasion of its annual Investor’s Seminar held in New York on November 28th & 29th, Groupe DANONE’s Management presented its business’ solid track record of profitable growth. Focusing the discussion on the unique health positioning of its portfolio and the strong prospects of its Dairy Division, Groupe DANONE emphasized its development potential.
Groupe DANONE has revised its mid-term like-for-like sales growth objective from +5% to +7% to a range of +6% to +8% annually. The management is also confident that it can grow its like-for-like trading operating income faster than sales and between +7% and +10% annually. For 2007 the like-for-like trading operating margin improvement should be in excess of +20 basis points.
This press release contains certain forward-looking statements. Although the Company believes its expectations are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in the forward-looking statements. For a detailed description of the important factors that could cause actual results to differ materially from the expectations of the Company or its management, please see the sections “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission.