date:Apr 17, 2014
, particularly in Russia.
Political unrest in Ukraine also hit revenues, although Ukrainian sales represent only 5 percent of CIS regional sales, Chief Financial Officer Pierre-Andre Terisse said.
Elsewhere in Europe, dairy volumes also fell as Danone passed onto customers rising milk prices in some countries but it still aims to stabilise volumes by year-end, Terisse said.
Overall, dairy volumes were expected to continue falling in the coming months though they could start rising in the thir