Danone : Change of organisation: more balance but another change
>Reception could be mixed - Outperform rating maintained with a target price of € 64. We continue to think that the potential for a strategic refocusing is a factor of a re-rating and more balanced operating footprint. The decision to withdraw from Russia is a good example of this. The adjustment to the group’s organisation, announced yesterday evening, sees something of a return of the category-based structure (dairy, specialised nutrition and waters), which had bee...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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