Danone : Q3 l-f-l at 4.1% with quite good volume/mix of 3.6%
>Q3 organic growth at 4.1%, better than expected. We were expecting a miss - Q3 reported net sales came at € 6,826m, -1.2% with a scope effect of -3.1%, a FX impact of -1.7% and a l-f-l of +4.1%. On a reported basis, that is a bit below VA consensus expectations of € 6,846m. Q3 sales organic growth is a beat whilst we were fearing a miss. Organic growth at 4.2% is above consensus (3.9%) and our expectations (3.5%). The volume mix of 3.6% is 2x higher than our own expe...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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