Danone : EPS at +7.6% in H1 (vs consensus at +1.8%). Organic growth and operating margin better than expected, control of financial expense
>Outperform rating maintained. Positive reaction expected - Outperform rating maintained with a target price of €64. The H1 results should be well received. H1 EPS beat estimates by 6% and the operating performance, which is better than expected, is robust despite the volume/mix decline in Q2. Investors could see a gradually improving operating performance that provides a healthy basis to continue to group’s repositioning (both on the operational and strategic fronts)...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.