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Danone Forecasts Difficult Market Amid Fresh Dairy Slowdown

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Danone, the world’s biggest yogurt maker, joined European consumer-goods peers in forecasting no pickup in sales growth in 2015 after revenue from its fresh-dairy unit increased at the slowest pace in more than a decade last year.

Danone’s sales will rise 4 percent to 5 percent on a like-for-like basis this year after a 4.7 percent gain in 2014, the Paris-based company said Friday in a statement. The maker of Activia yogurt said it expects “slight growth” in the operating margin on the same basis, which adjusts for currency changes, divestments and acquisitions. That would be the first margin expansion in four years.