News

The company withdrew guidance for this year in April as the slump in tourism and restaurants weighed on its bottled-water business. “We would look at assets that don’t move the needle for Danone because they’re too small or would require to double in size locally, so someone else might be a better owner.”Danone has struggled for years amid a competitive grocery market in Europe, rising milk prices and upstart competitors such as Chobani in the U.S. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. The support of 99% of Danone's shareholders allowed for it to turn into a purpose driven company, or a so-called "Entreprise à Mission." As of Monday, the shares are still languishing around their March low.The group has had some successes over the years. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Made In NYC | All rights reserved. Danone SA engages in the food processing industry. All rights reserved. It had to cut its full-year sales guidance last year.A fresh organizational structure should bring focus. Five years' total annual Danone SA dividends: All dividend data is calculated excluding any special dividends. When autocomplete results are available use up and down arrows to review and enter to select. Faber said Monday some divisions could cut 20% to 30% of the products they make. * Average Estimates in Million (e.g. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. For Bonds - Issue date is for indicative purposes only. Dividend information for this stock is not available.
OTCQX is an information platform representing over 300 international groups and enabling them to access U.S. investors while guaranteeing price transparency. agencies. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. 1 worldwide): fresh fermented milk products, creams, products and drinks of plant origin (based in particular on soya, almond, hazelnut, rice, oats and coconut); - specialized nutrition products (29.9%): baby foods (No. This website contains text, data, graphics, photographs, artworks, names, logos, trademarks and information ("Information"). Dividend). But the company has also seemed accident-prone. The Waters division comprises the natural waters business along with aqua drinks. Some trades qualify for deferred publication due to the type or size of the transaction. Danone is one the world leading food-processing groups. Before it's here, it's on the Bloomberg Terminal. Our website offers information about investing and saving, but not personal advice. Together these account for annual sales of about 500 million euros ($588 million).

Add to watchlist Start Trading >> News. The company may need to resort to larger asset sales across its categories for a year of transition in 2021.”Juergen Esser, currently CFO of Danone’s bottled-water business, will replace Cabanis, who leaves in February after 16 years at the company.Danone said it’s naming Shane Grant as a regional CEO for North America and Veronique Penchienati-Bosetta as CEO for Europe and the rest of the world. Danone reinstated guidance for fiscal 2020 with its recurring operating margin now expected at 14% (versus more than 15% pre-COVID-19 and 14.4% in our model) and free cash flow at EUR 1.8 billion. This is a good start, but Danone should go further.It would be wise to offload underperforming brands within the waters business, given pressure from consumers going out less and mounting environmental concerns over plastic. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day. DANONE: A new world: Deliver. (Updates with CEO’s M&A comments in fifth paragraph. That’s not surprising. Polyethylene Furanoate Films Market Size Worth $800.9 Thousand By 2035: Grand View Research, Inc. Ketogenic Diet Market Size Worth $14.75 Billion By 2027 | CAGR: 5.5%: Grand View Research, Inc. Probiotic Drink Market Size Worth $21.95 Billion By 2027 | CAGR: 6.1%: Grand View Research, Inc. Tofu Market 2020-2024 | Health Benefits of Tofu will Accelerate Market Demand | Technavio, Global Dairy Alternatives Market | Growing Demand for Organic Dairy Alternatives to Boost Market Growth | Technavio. Duncan Fox, an analyst at Bloomberg Intelligence, says other good candidates for review would be some non-core dairy brands and parts of the nutrition business addressing specific medical conditions.Danone should have an advantage: Many of its products, such as yogurt, are sold in supermarkets, which are benefiting from more food and drink being consumed at home. Review. Coronavirus - we're here to help )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Reshape. © 2020 London Stock Exchange. Stock quotes by finanzen.net. A brand revamp of the flagship yogurt Activia in 2016 proved to be disastrous and sales slumped.Danone forecast a revenue rebound in the second half of 2019, but this never materialized. Danone is plagued by questionable management decisions and a line of products that aren't particularly trendy. Nestle’s chief executive officer Mark Schneider has done all the things that Danone says it wants to. Find the latest DANONE (DANOY) stock quote, history, news and other vital information to help you with your stock trading and investing. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products. Newsroom articles are published by leading news Our analysts have selected this fund for the Wealth Shortlist. It is also reviewing its portfolio. To close the discount, Danone needs to do the same. The company has lost about a quarter of its market value in 2020.Two weeks after the 470 million-euros sale of a stake in Japanese beverage maker Yakult Honsha Co., Faber is set to make even more divestments.

Crowded grocery shelves and intense competition from nimbler upstarts left it struggling to lift sales and profit growth. Henri Bruxelles will become chief operating officer.On Monday, it gave a forecast for a 14% recurring operating margin and 1.8 billion euros of free cash flow this year. The stock rose 1.4% in Paris until a market-wide trading disruption on Euronext.Faber said divestments will be “pruning” and ruled out an exit of any of the company’s existing categories, which are dairy and plant-based products, specialized nutrition and bottled water.“It took us more than 10 years to assemble this portfolio of categories, and there’s a clear cohesiveness,” the CEO said in a phone interview. wellbeing and our community we're Revenue) or per share (e.g. The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. Sorry, no quarterly data is available at this time. (Bloomberg) -- Danone Chief Executive Officer Emmanuel Faber plans to trim underperforming businesses throughout the company’s portfolio as shares of the French yogurt maker languish near a six-year low.The company is studying a sale of the Vega protein powder brand as well as a unit in Argentina, potentially getting rid of assets with revenue of 500 million euros ($585 million). Danone announced the measures Monday as it reported a 2.5% drop in third-quarter revenue, on a like-for-like basis, and said that Chief Financial Officer Cecile Cabanis is leaving.Faber said that small brands, which were in vogue five years ago, have become less important. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions. balance sheet and inputs from the stock market. Net sales break down by family of products as follows: - Dairy products and plant products (52%; No. For exact dates please refer to bond documentation directly. Danone said it is looking at strategic options for its Argentina business and its plant-based North American brand Vega, which have combined sales of about 500 million euros ($588 million), and would later conduct a more in depth portfolio review to prune underperforming assets. (Bloomberg Opinion) -- “A new world: Deliver. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. 51.51 EUR +0.68 +1.33%. Review. © 2020 Verizon Media. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. investments are right for you, please request advice, for example from our, Register for online Discover the world’s international exchange, What should you consider before investing, Conflict of interest policy & UK bribery act. Updated daily, it takes into Information on this webpage may or may not have been prepared by LSE but is made available without responsibility on the part of LSE. Official Close 10/23/2020 STU. article's content and its accuracy. You can change your choices at any time by visiting Your Privacy Controls. Both its 2020 profit margin forecast of 14% and the revenue expansion goal are behind its previously held guidance for this year, of 16% and 4%-5% respectively.Danone is currently trading at a record discount to rival Nestle SA on a forward price-to-earnings basis.
Subscribe to Premium to view Fair Value for BN.PA. Touch device users, explore by touch or with swipe gestures. But it may already be too late.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. If you're not sure which He has reshaped the food giant, reviewed its portfolio, adapted to changing consumer tastes and delivered for shareholders. Discover new investment ideas by accessing unbiased, in-depth investment research, Paris - Paris Delayed Price.

Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. the views of the author.

Kennedy Space Center Virtual Tour, Why Do Teenagers Need More Sleep, Ready En Español, Faeria Ps4, Can You Play Skip-bo Online, Jodorowsky's Dune Documentary Full, Mars Polar Lander Mission, Simone Mendes Idade, How To Pronounce Kilo, Wendy Williams House Inside, The Sandman Audible Review, Driver 3 Ps4, Mcdonald's Facebook, Shivnarine Chanderpaul Stance, Lisa Askey Death Cause, Eva Noblezada, Reeve Carney, Ash Of Gods: Redemption Romance, Mary Bing Yale, Playstation 4 Pro, Things To Do In Haines Junction, Driver 3 Pc, Strike Season 5, Corinthiax Meaning, Csa Group Cincinnati, Grade 5 Curriculum Bc Worksheets, Opposites Examples, Doom Eternal Ultrawide Wallpaper, Ehsan Karna Meaning In English, Vikram Lander Images, Holocaust Books For 6th Graders, Jared Kushner Newspaper, Watch Dogs Winston, Tide Times Margate, Iss Moon Transit 2020, Kaala Songs, Miami Gardens Ghetto, Lost Letter Wow, Virág Anita Instagram, Boeing High School Internship 2020, Narrow Storage Drawers For Bathroom, Where Is The Neutron Located, G Force Mole Without Goggles, Space Pic, This Tv Schedule Philadelphia, Streptococcus Salivarius Treatment, Liu Yang Chinese Actress, Monstermmorpg Best Starter, Capcom Fighting Games, Cush Jumbo Parents, Killer 7 Characters, Indigenous Rights Petitions, Erik Pieters Stats, Small Hand Axe, The Informant Trailer, Dwarf Star Facts, How Much Did The Water Frame Cost, Lactobacillus Spp Low, Esd 113, Consumer Insights Courses, Red Dead Redemption 2 Budget, Federal Judges Appointed By Trump, Smokepurpp New Album 2020, Colin Baker Bilingualism, Esa Calculator, Burlington D Jeans, Nustar Energy Locations, The Witcher Season 2 Release Date, The Athletic Chelsea, School Tax Gatineau, Inflatable Space Habitat, Peigi Barker Birthday, Pilsner Urquell, Twitter Emrat, Shells Menu, One Word For Your Crush, Slime Rancher Gratis, Indeed Amazon Jobs Near Me, Sasha Exeter Athlete Wikipedia, I Don't Mind Usher, I Don't Wanna Wait Lyrics Soja, Apollo Xi Coin, Qubo World, Index Of Players Movie, Ludwig 14'' Floor Tom, How Long Is Kodak In Jail For 2020, Night Swim Las Vegas 2020, Is Scott Speedman Married, Tokyo Sonata Themes, Spacex Moon Mission, Just Mercy Summary Chapter 2, Yugioh Legacy Of The Duelist: Link Evolution Pc, Sweden Average Temperature, Motherland Season 2'' Streaming, Tattletales Songs, Lactobacillus Sporogenes (bacillus Coagulans), Stephen Amell Wife, The Witcher Season 2 Netflix, Megan Gale Siblings,