Danone sales lift share price

Danone is predicting stronger than expected Q1 sales and said it is on track to deliver higher sales and profits this year.

The yoghurt maker, producer of Actimel and Activia, reported a 3.5% rise in first-quarter like-for-like revenue due to robust baby food sales in Asia, stronger dairy product demand in North America and a better than expected performance at its water division, according to Reuters press agency.

The company had projected 3.2% growth in group sales. Danone’s shares rose 4% following its decision to raise its Q1 projections.