Danone expects a loss of 70 million euros due to the infant formula recall incident.

Gelonghui February 20 | Danone has estimated for the first time the potential losses caused by the recent recall of infant formula due to pollution fears, stating that it expects an economic loss of 35 million to 70 million euros (approximately $82.4 million) in the first quarter of this year. “After that one-time shock, we should gradually return to normal,” said Jürgen Esser, Vice Co-CEO, in an interview. “Therefore, we also confidently reaffirmed our full-year performance outlook this morning.”