Coronavirus burdens Danone's business in China

27-Feb-2020 - France

French food company Danone is trimming its annual targets for 2020 because of the impact of the novel coronavirus on the Chinese market. Before presenting the balance sheet on Wednesday, the management team led by CEO Emmanuel Faber was still expecting like-for-like sales growth of 4 to 5 percent for the current year, but according to a company release, this is now expected to be 2 to 4 percent.

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In China, the spread of the novel virus has already put pressure on sales in the water business and in the baby food business. Danone generates about one tenth of its total sales there. (dpa)

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

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