Coronavirus burdens Danone's business in China
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.

Bild von panos13121 auf Pixabay
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.
Other news from the department business & finance

Get the food & beverage industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.