PARIS (Reuters) - Danone
Warm weather in Europe, however, lifted sales at its water division while there was a decent performance at its dairy and plant-based business in North America, where Danone is integrating organic food group WhiteWave, and Danone kept its full year financial goals.
Danone, the world's largest yoghurt maker with brands including Actimel and Activia, said third-quarter sales reached 6.186 billion euros (£5.42 billion), marking a like-for-like sales increase of 1.4 percent - slightly above analysts' forecasts for 1.2 percent growth.
Nevertheless, this marked a sharp slowdown from 3.3 percent growth in the second quarter and 4.9 percent in the first quarter.
Danone, which is targeting an operating margin above 16 percent and like-for-like sales growth of 4-5 percent by 2020, reiterated its expectation for a double-digit rise in 2018 underlying earnings per share (EPS), excluding the impact of the sale of a stake in Japan's Yakult.
(Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta)