date:Apr 17, 2013
in Asia.
Demand is strong, he said. We have to address that demand and we need to build a portfolio as strong as possible.
The robust first quarter sales helped push Danone's shares up sharply. By 0950 GMT, they were 3.25 percent higher, leading gainers on the CAC-40 index .FCHI of French blue-chips. The stock touched 56.67 euros, its highest level since early 2008.
The shares trade at 17.4 times estimated 2013 earnings, at a discount to Unilever's 18.9 times and Nestle's 18.4 times.
The co