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OFFON
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    BN   FR0000120644

DANONE

(BN)
  Report
Real-time Quote. Real-time Euronext Paris - 09/24 11:35:55 am
59.41 EUR   -0.49%
09/21DANONE : August
PU
09/21DANONE : Bernstein gives a Sell rating
MD
09/20PRESS RELEASE : Loop Industries, Inc.: Evian -2-
DJ
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Danone 1st Half Profit Rose as All Categories Returned to Growth in 2Q -- Update

07/29/2021 | 12:14am EDT

By Giulia Petroni

Danone SA said Thursday that profit rose in the first half of the year and that all categories returned to growth in the second quarter.

The French food company said net profit for the period rose to 1.07 billion euros ($1.26 billion) from EUR1.02 billion the year earlier.

Sales fell to EUR11.84 billion from EUR12.19 billion the previous year, mainly due to the negative impact of exchange rates. On an organic basis, sales were up 1.6%.

In the second quarter, sales rose 6.6% organically to EUR6.17 billion, recording a strong broad-based growth across geographies, the company said.

Danone said its essential dairy and plant-based business maintained strong momentum, while specialized nutrition and waters returned to growth in the quarter.

The company reiterated its full-year guidance, and said it assumes a gradual reopening of the economy to continue in the second half of the year. It also said it expects a broad-based acceleration of inflation in milk, ingredients, packaging and logistics.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

07-29-21 0214ET

All news about DANONE
09/21DANONE : August
PU
09/21DANONE : Bernstein gives a Sell rating
MD
09/20PRESS RELEASE : Loop Industries, Inc.: Evian -2-
DJ
09/20Evian Unveils 100% rPET Bottles Created -2-
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09/16DANONE : JP Morgan reaffirms its Buy rating
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09/15EXCLUSIVE : Activist Bluebell urges Solvay's board to oust CEO over sea discharge
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09/15Activist Bluebell urges Solvay's board to oust CEO over sea discharge
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09/15DANONE : to Issue $590 Million in New Notes As Part of Tender Offer
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09/15DANONE : successfully completes its Ç500 million hybrid bonds refinancing
AQ
09/13DANONE : Kepler Cheuvreux keeps its Buy rating
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More news
Analyst Recommendations on DANONE
More recommendations
Financials
Sales 2021 23 757 M 27 834 M 27 834 M
Net income 2021 1 908 M 2 235 M 2 235 M
Net Debt 2021 10 945 M 12 823 M 12 823 M
P/E ratio 2021 19,3x
Yield 2021 3,26%
Capitalization 38 664 M 45 274 M 45 301 M
EV / Sales 2021 2,09x
EV / Sales 2022 1,99x
Nbr of Employees 100 383
Free-Float 92,0%
Chart DANONE
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Technical analysis trends DANONE
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 59,70 €
Average target price 62,72 €
Spread / Average Target 5,06%
EPS Revisions
Managers and Directors
Antoine Bernard de Saint-Affrique Chief Executive Officer
Juergen Esser Chief Financial, Technology & Data Officer
Gilles Schnepp Non-Executive Chairman
Domitille Doat-Le Bigot Chief Digital Officer
Jean-Michel SÚvÚrino Lead Independent Director
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