Report
Pierre Tegner

Danone : S1 2019 : organique au T2 (2.5%), marge (+42 pb) et BPA (+6.3%) supérieurs aux attentes

>Achat maintenu - A très court terme, le titre devrait réagir positivement à une publication de résultats au S1 qui est supérieure aux attentes du consensus sur la croissance organique, sur l’amélioration de la marge opérationnelle et sur la croissance du BPA dilué courantL’amélioration des volumes que certains attendaient n’est pas encore là au T2. Mais le groupe n’est pas loin du point d’inflexion avec une division EDP à -1%. La décote de plus de 20% est a...
Underlying
Danone SA

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Pierre Tegner

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