April 22 (Reuters) - Danone SA DANO.PA CFO Juergen Esser tells analysts:
CFO: WE EXPECTS PROGRESSIVE NORMALISATION OF INFANT FORMULA BUSINESS THROUGH THE COURSE OF THE YEAR
CFO: INFANT FORMULA CATEGORY HAS BEEN SOFTER DURING RECALLS, SEEN A BIG SHIFT IN SHOPPING TOWARDS PHARMACIES
CFO: IN EUROPE, INFANT FORMULA SUPPLY CHAIN SITUATION PRETTY MUCH BACK TO NORMAL
CFO: AUTHORITIES ACROSS THE GLOBE ARE INCREASING QUALITY CONTROLS FOR INFANT FORMULA IMPORTS, INCLUDING CHINA
CFO: OVERALL CONSUMER SENTIMENT IN EUROPE QUITE MUTED
CFO: CONSUMERS ARE WILLING TO PAY FOR VALUE PRODUCTS
Source text: [ID:]
Further company coverage: DANO.PA
(Reporting By Dominique Vidalon, Dominique Patton)
((dominique.vidalon@thomsonreuters.com;))