Danone : Organic growth of 6.6% in Q2 and smaller-than-expected fall in the operating margin. Franck Riboud will step down from the board in April 2022
>Positive reaction expected - Taking a Iong-term view, our positive recommendation is based on a strategic refocus that we believe is inevitable. In the short term, we estimate that the status quo offers momentum at 18 months, which is encouraging. The announcement of the departure of Franck Riboud in April 2022 should reduce the scepticism among some investors vis-à-vis a strategic refocusing via an exit from the water business. The smaller fall in the oper...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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