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    BN   FR0000120644

DANONE

(BN)
  Report
Real-time Euronext Paris  -  11:35 2022-10-06 am EDT
47.92 EUR   -0.88%
10:12aDanone : Document AMF CP. 2022E865279
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10/05Danone : Document AMF CP. 2022E864961
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10/03Danone further progresses on Board renewal with two additions
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Danone sends 1.3 million cans of Aptamil formula to U.S. amid shortage

07/27/2022 | 08:08am EDT
FILE PHOTO: Logo of French food group Danone at the company headquarters in Rueil-Malmaison

LONDON (Reuters) - French consumer goods giant Danone's North America unit said on Wednesday it had shipped more than 750,000 cans of its flagship Aptamil baby formula to the United States from Europe amid a nationwide shortage, with another 550,000 cans on the way.

While Aptamil is little known in the United States, it is a major brand in Europe, where Danone is a dominant force in the market. The move to introduce Aptamil to American parents could give Danone, a relatively small U.S. player, the opportunity to grab share from market leaders Reckitt and Abbott Laboratories.

The additional 550,000 Aptamil cans that are en route from New Zealand will likely be available starting August, while the initial shipments are already on shelves and online at Walgreens, Safeway and some other stores.

Danone also said it had imported more than 500,000 cans of Neocate, a specialized medical baby formula.

Abbott recalled dozens of brands of baby formula in February, sparking one of the biggest food shortages in recent American history. Since then, the U.S. government and Food and Drug Administration have made it easier for manufacturers to get shipments into the country, and appealed to companies from Nestle to Reckitt to step up production.

(Reporting by Richa Naidu; Editing by Mark Potter)

By Jessica DiNapoli and Richa Naidu


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ABBOTT LABORATORIES -0.90% 102.45 Delayed Quote.-26.55%
DANONE -0.88% 47.92 Real-time Quote.-11.44%
NESTLÉ S.A. -0.67% 106.34 Delayed Quote.-15.99%
RECKITT BENCKISER GROUP PLC -0.07% 5940 Delayed Quote.-6.28%
WALGREENS BOOTS ALLIANCE, INC. -2.74% 32.25 Delayed Quote.-38.17%
All news about DANONE
10:12aDanone : Document AMF CP. 2022E865279
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10/03Danone further progresses on Board renewal with two additions
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09/28Danone : First Supplement to EMTN base prospectus
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09/28DANONE : Goldman Sachs remains a Sell rating
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09/27DANONE : Receives a Buy rating from Jefferies
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09/26DANONE : Credit Suisse remains Neutral
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09/26DANONE : JP Morgan remains its Buy rating
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Analyst Recommendations on DANONE
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Financials
Sales 2022 27 182 M 26 715 M 26 715 M
Net income 2022 1 649 M 1 620 M 1 620 M
Net Debt 2022 10 563 M 10 382 M 10 382 M
P/E ratio 2022 17,8x
Yield 2022 4,13%
Capitalization 30 007 M 29 491 M 29 491 M
EV / Sales 2022 1,49x
EV / Sales 2023 1,39x
Nbr of Employees 98 105
Free-Float 92,3%
Chart DANONE
Duration : Period :
Danone Technical Analysis Chart | MarketScreener
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Technical analysis trends DANONE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 47,92 €
Average target price 58,02 €
Spread / Average Target 21,1%
EPS Revisions
Managers and Directors
Antoine Bernard de Saint-Affrique Chief Executive Officer & Director
Juergen Esser Finance Manager-Dairy Germany
Gilles Schnepp Non-Executive Chairman
Isabelle Esser Chief Research, Innovation & Food Safety Officer
Vikram Agarwal Chief Operations Officer
Sector and Competitors
1st jan.Capi. (M$)
DANONE-11.44%29 847
NESTLÉ S.A.-15.99%299 783
MONDELEZ INTERNATIONAL, INC.-13.68%78 451
ARCHER-DANIELS-MIDLAND COMPANY26.79%48 360
THE HERSHEY COMPANY16.64%46 140
GENERAL MILLS, INC.16.50%46 112