Danone : Operating margin down less sharply than expected. Q2 in line at -5.7% lfl
>H1 performance could buoy share after underperformance - Reported operating performance was not as negative as anticipated, notably thanks to the shallower decline in operating margin, which should help buoy the share slightly. In addition, the publication of Nestlé’s results this morning is likely to underpin the sector. However, we do not see any signs of a potential upturn. Danone was hit hard by the lockdown restrictions in H1 in what was an unusual context. None...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).
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.
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