Danone : Good start to the year: l-f-l at +4.1% with volume/mix at +1.2%
>Better-than-expected Q1 both in reported and l-f-l terms - Danone just posted Q1 sales that came in at € 6.789bn (vs VA € 6.695bn), declining by -2.5% with organic sales growth at +4.1% with a good volume/mix effect of +1.2%, pricing at 2.9%, an FX impact of -1.5% and a negative scope effect of -5% (Russia).This is much better than both consensus and ODDO BHF expectations which were at +3.4% l-f-l with a volume/mix of +0.8% and pricing at +2.7%. Net sales ...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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