Danone : Organic growth slightly better but with lower volumes because of specialised nutrition. 2021 operating margin target confirmed
>Reaction likely to be slightly positive - Outperform rating maintained on a poorly valued stock which has the means to take advantage of the operating recovery and a strategic refocusing under a new CEO.The Q3 sales release could be viewed positively but only very slightly: organic growth is a little higher than forecast, the currency effect has turned positive after several negative quarters, the management confirmed its operating margin target whereas a number...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.