Danone Reports Significant Profit Drop In 2014, Warns Of Tough 2015

Danone SA said full-year net profit dropped 21 percent to €1.12 billion in 2014, compared with €1.42 billion in 2013. Sales for the year declined slightly to €21.14 billion from €21.3 billion in the previous year, hampered by foreign exchange fluctuations. Sales increased 4.7 percent on an organic basis. For 2015, the company said it expects organic revenue to rise between 4 percent and 5 percent. Analysts were forecasting 5.6 percent growth, according to the company's compilation of analyst predictions.