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Danone stands firm on sales targets

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Danone stands firm on sales targets

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France’s biggest food producer Danone does not seem to be too worried by the economic slowdown, saying it will stick to its targets for sales and profit growth this year.

Its third-quarter like-for-like sales rose 8.3 percent and revenue increased to 3.85 billion euros.

The company said it is well-placed to weather the current financial crisis but one analyst expressed concern about its heavy exposure to western Europe.