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Food industry: Q2 earnings season: a divergent performance depending on the groups
Food industryQ2 earnings season: a divergent performance depending on the groups
There are four lessons to learn from the Q2 earnings season of Danone/Nestlé/Unilever: 1/ organic sales growth slowed in Q2 vs Q1 for all players; 2/ an improvement in the top line trend is expected in H2 at Unilever and Nestlé while Danone should face a slowdown; 3/ H1 EBIT margin expansion was supported by savings and 4/ it should accelerate in H2 for Nestlé and Danone.
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Bryan Garnier
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Virginie Roumage
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