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    BN   FR0000120644

DANONE

(BN)
  Report
Real-time Quote. Real-time Euronext Paris - 12/01 11:39:44 am
52.35 EUR   +0.69%
11/30DANONE : Buy rating from JP Morgan
MD
11/29France extends controls on foreign parties' stakes in key French firms by one year
RE
11/23DANONE : Receives a Sell rating from UBS
MD
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Danone 3Q Sales Rose; Reiterates 2021 Guidance

10/18/2021 | 11:51pm EST

By Giulia Petroni

Danone SA said Tuesday that sales rose in the third quarter, with strong growth across geographies, and reiterated guidance for the full year.

The French food company said quarterly sales came in at 6.16 billion euros ($7.14 billion) compared with EUR5.82 billion for the previous-year period. An analysts' consensus compiled by the company had forecast the figure at EUR6.06 billion.

On a like-for-like basis, sales increased 3.8% on year.

Danone's essential dairy and plant-based business continued to experience strong momentum, particularly in Europe and North America, but the plant-based portfolio suffered the impact of supply and logistic disruptions in the quarter.

The waters business recorded mid-single-digit growth in Europe, benefiting from improved out-of-home mobility, while specialized nutrition was driven by adult nutrition and saw return to growth of infant milk formula in China.

The company backed its 2021 guidance and said it expects to return to profitable growth in the second half of the year and for recurring operating margin to be broadly in line with the previous year.

Danone also said it expects a broad-based acceleration of inflation in milk, ingredients, packaging and logistics.

"What started as increased inflation on material costs evolved into widespread constraints impacting our supply chain in many parts of the world," said Chief Financial Officer Juergen Esser.

"That said, we are putting even greater focus on productivity and pricing actions to mitigate the impact on our performance," he said.

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

(END) Dow Jones Newswires

10-19-21 0151ET

All news about DANONE
11/30DANONE : Buy rating from JP Morgan
MD
11/29France extends controls on foreign parties' stakes in key French firms by one year
RE
11/23DANONE : Receives a Sell rating from UBS
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11/16ROYAL UNIBREW A/S ENTERED INTO AN AG : Bn).
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11/15DANONE : EUR 700 000 000 - 0.52% - November 2030
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More news
Analyst Recommendations on DANONE
More recommendations
Financials
Sales 2021 23 919 M 27 071 M 27 071 M
Net income 2021 1 950 M 2 207 M 2 207 M
Net Debt 2021 11 054 M 12 511 M 12 511 M
P/E ratio 2021 16,6x
Yield 2021 3,71%
Capitalization 34 072 M 38 587 M 38 563 M
EV / Sales 2021 1,89x
EV / Sales 2022 1,78x
Nbr of Employees 100 383
Free-Float 92,0%
Chart DANONE
Duration : Period :
Danone Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DANONE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Last Close Price 52,35 €
Average target price 61,31 €
Spread / Average Target 17,1%
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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