Danone : Very strong Q1 at +3.7% l-f-l but 2020 targets “withdrawn†due to extremely unpredictable and volatile conditions
>Share price reaction difficult to anticipate - With organic growth beating our forecast, at +3.7%, investors might appreciate the resumption of momentum which is underpinned by the trend of building stocks in March in Europe and North America. The withdrawal of 2020 targets due to conditions that have been described as extremely volatile and unpredictable, came as no surprise. That said, management has stressed the cost of this growth, which is creating strong uncer...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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