Danone : Preserving group’s ecosystem a costly imperative. Uncertainty about post-crisis period
>Uncertainty about periods during and especially after COVID-19 - Emmanuel Faber’s participation in the conference call was all the more welcome in that it was unprecedented for a quarterly publication. Given this relatively strong Q1 (+3.7% l-f-l) that was much higher than expected (consensus: +1.2%; ODDO BHF: +2.7%), management is not at all resting on its laurels and was very clear that this performance cannot be extrapolated to Q2 due to:1/ the full effect of lock...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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