Report
Pierre Tegner

Danone : Gilles Schnepp’s letter to the shareholders: welcome clarification in a soothing tone. Search for external CEO (+). Support for Local First (-)

>Intended to appease - With the departure of Emmanuel Faber, the scope of possibilities is considerably widened, at least intellectually. This is a support factor for the stock. Gilles Schnepp's letter to the shareholders is very welcome because it is structured, clear and intended to ease concerns. This last point is crucial for a group that needs stability above all. The confirmation of the search for a CEO outside the group is a positive point. The ma...
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
Pierre Tegner

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