Report
Fatma Agnès Hamdani ...
  • Pierre Tegner

Danone : Des points d’inflexion encourageants au S1

>Des éléments clés qui pourraient infléchir la défiance. Achat maintenu - Achat maintenu avec un OC inchangé de 85 €. La publication du S1 fait ressortir encore une fois les bénéfices du rééquilibrage entre croissance (encore très modeste) et rentabilité. Si la croissance organique reste modeste, nous notons plusieurs éléments qui devraient réduire le scepticisme du marché : 1) Hors boycott au Maroc (ce qui n’est pas un excuse !), la croissance organique du T2 ressort...
Underlying
Danone SA

Danone is engaged in activities in the global food and beverages industry. Co. operates in four markets: Fresh Dairy Products (Co. produces and sells yogurts, fermented dairy products and other fresh dairy products); Waters (Co. produces and sells natural waters as well as flavored and vitamin-enriched waters products); Early Life Nutrition (Co. produces baby formula, milk-and fruit-based desserts, cereals, small pots of baby food and ready-made baby food); and Medical Nutrition (Co. develops adult and pediatric clinical nutrition products to be taken orally, or through a catheter in the event of malnutrition related to illness or other causes).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Fatma Agnès Hamdani

Pierre Tegner

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Matthias Desmarais
  • Matthias Desmarais

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