Danone : Q3 2019: we forecast 4.2% l-f-l despite messages likely to make the consensus less upbeat
>Cautious messages ahead of Q3 - Ahead of the Q3 figures (with the standard contact with the company made before the quiet period), Danone simply reiterated some points mentioned at the conference call on H1: 1/ lacklustre consumption in Russia/CIS in Q2; 2/ a high comparison base in Europe for water (weather in 2018 > 2019 in August); and 3/ the current adjustment of the Mizone brand (aqua-drink in China). The group also emphasised the slight decline in the yoghurt ...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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