UPDATE 2-Danone keeps goals, denies strategic review plan

viernes 25 de julio de 2014 08:22 GYT

* H1 operating margin 11.27 pct vs 13.34 pct in H1 2013

* Q2 like-for-like baby food sales -9.2 pct vs -7.7 pct in Q1

* Keeps full year profitability and sales goals

* CFO says Danone 2020 plan is "not a strategic review" (Recasts with CFO call to analysts, shares, analyst comments)

By Dominique Vidalon

PARIS, July 25 (Reuters) - Food group Danone is confident of hitting full-year targets despite a weak first-half as it looks to a stabilisation of European dairy revenues this year and the launch of new baby food products in China.

The world's largest yoghurt maker posted a worse-than-expected 10 percent fall in first-half operating profit on Friday after sluggish sales of baby food in Asia and dairy products in Europe took their toll.

Danone, whose recent woes have refocused investor attention on whether it can survive on its own, said it was working on a plan to ensure long-term growth but insisted the project was not a "strategic review" involving any major deals.

The Wall Street Journal said earlier this week that Danone was looking at whether to pursue a big alliance to gain more muscle on the global stage.   Continuación...