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BN — Danone SA News Story

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Brief: Danone CEO: We need to step up out game in the U.S.

Feb 20 (Reuters) - Danone SA DANO.PA Chairman and CEO Antoine de Saint-Affrique and CFO Juergen Esser tell analysts:

DANONE CEO:  IN THE U.S OUR PERFORMANCE DID NOT MEET OUR EXPECTATIONS, WE NEED TO STEP UP OUR GAME

DANONE CFO:  WE EXPECT INFANT FORMULA INDUSTRY DISRUPTION TO HAVE A ONE-OFF IMPACT ON NET SALES IN Q1 OF 0.5%-1%

DANONE CEO:  NONE OF THE PRODUCTS WE SELL IN CHINA HAVE BEEN AFFECTED BY RECALLS

DANONE CEO:  WE HAVE NOT SEEN AT THIS STAGE ANY BRAND EQUITY DAMAGE FROM THE IMF RECALLS

Source text: [ID:]

Further company coverage: DANO.PA

 (Reporting By Dominique Vidalon, Alexander  Marrow)

 ((dominique.vidalon@thomsonreuters.com;))

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