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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Danone    BN   FR0000120644

DANONE

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Danone : 3Q Sales Rose, Adjusts 2019 Guidance to Lower Expectations

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10/18/2019 | 01:50am EST

By Cristina Roca

Danone SA (BN.FR) said Friday that sales for its third quarter grew at an accelerated pace, but adjusted its guidance to lower expectations for its like-for-like sales growth in 2019.

The French food company said sales came to 6.42 billion euros ($7.13 billion), up from EUR6.19 billion the year previous and better than analysts' consensus expectations of EUR6.37 billion.

On a like-for-like basis, sales rose 3%, Danone said.

Despite its sales growth accelerating compared with the previous quarter, some of the headwinds Danone had flagged during second-quarter reporting didn't ease in the third quarter, management said during a conference call Friday morning. Danone cited tough comparison bases in Europe for its waters business in particular.

Danone widened its guidance of like-for-like sales growth toward the lower end. It now sees like-for-like sales growing 2.5%-3%, compared with previous guidance of 3%. For the first nine months of the year, like-for-like sales grew 2.1%, the maker of Activia and Alpro said.

Danone backed its target of having a recurring operating margin above 15% for 2019.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

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Financials (EUR)
Sales 2019 25 263 M
EBIT 2019 3 839 M
Net income 2019 2 341 M
Debt 2019 12 479 M
Yield 2019 2,76%
P/E ratio 2019 20,8x
P/E ratio 2020 18,0x
EV / Sales2019 2,42x
EV / Sales2020 2,29x
Capitalization 48 534 M
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Technical analysis trends DANONE
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 83,73  €
Last Close Price 74,92  €
Spread / Highest target 26,8%
Spread / Average Target 11,8%
Spread / Lowest Target -6,57%
EPS Revisions
Managers
NameTitle
Emmanuel Faber Chairman & Chief Executive Officer
Cécile Cabanis CFO, Executive VP-Strategy & Information Systems
Benoît Potier Independent Director
Isabelle Seillier Non-Independent Director
Jean-Michel Sévérino Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
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