Danone says European dairy recovery to feed profit momentum
date:Feb 21, 2014
opped the 4.6 percent achieved by Swiss rival Nestle.

The Medical Nutrition business showed 6.4 percent growth in the fourth quarter after a 5.6 percent growth in the third.

Reuters reported last week that Danone was mulling its sale as it expands its dairy business in higher-growth emerging markets. Terisse declined to comment on Thursday. .

The stock trades at 17.57 times 12-month forward earnings, against 18.75 times for Nestle and 17.42 times for Unilever.
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