Report
Pierre Tegner

Danone : T3 légèrement meilleur en organique (+1.4%) avec des signes d’amélioration qui se confirment - Guidance 2018 confirmée

>Des signaux d’amélioration qui se confirment - Achat maintenu avec un OC de 85 €. La publication du CA du T3 pourrait entraîner une légère révision en baisse du BPA 2018 en raison de l’effet devises. Ceci étant, la réaction de marché devrait être légèrement positive pour plusieurs raisons. Les guidances 2018 sont confirmées, la croissance organique de +1.4% qui est très modeste est néanmoins légèrement meilleure qu’attendu. Le Maroc est moins pire, des progrès signif...
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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