|Bid||62.18 x 10000|
|Ask||0.00 x 2400|
|Day's Range||65.89 - 66.53|
|52 Week Range||62.52 - 72.13|
|PE Ratio (TTM)||16.98|
|Forward Dividend & Yield||1.90 (2.91%)|
|1y Target Est||N/A|
LONDON/MILAN, April 18 (Reuters) - European shares rose to fresh seven-week highs on Wednesday, helped by well-received company results and a rally in mining stocks on the back of soaring metal prices.
French food group Danone (DANO.PA) achieved better than expected first-quarter sales growth of nearly 5 percent, helped by Chinese demand for its baby formula products, cementing guidance for higher profit and sales this year and beyond. Along with consumer goods rivals such as Nestle (NESN.S) and Unilever (ULVR.L), Danone has come under investor pressure to improve results and it needs to deliver on 2020 profit margin and sales growth targets set last year. Wednesday's numbers lifted Danone's share price 2.5 percent by 1028 GMT, making it the biggest gainer on France's benchmark CAC-40 index (.FCHI).
Firstly, like-for-like sales growth in baby milk sales in China was exceptional: up over 50 percent. Secondly, the healthy 3.8 percent gain in the value of sales includes an adjustment to reflect the mix of price increases -- Danone sold more higher-priced products.
French food group Danone’s share price rose 3 per cent on Wednesday after the company said demand for baby formulas in China helped boost like-for-like sales by almost 5 per cent. A sharp rise in birth rates in China linked to the end of the one-child policy, and the growth of an affluent middle class, has boosted the company, which specialises in fresh dairy and baby food. Danone also said its water business, which includes the Evian brand, had performed well with a 4 per cent rise in sales. But while it said its dairy operations in Europe — where it sells the likes of the Actimel probiotic drink and Activia yoghurts — were improving, sales still dropped 0.3 per cent in the first three months of the year compared to the same period a year earlier.
SA (BN.FR) said Wednesday that it confirmed its 2018 outlook after sales in the first quarter rose due to strong performances in its specialized nutrition and waters businesses. Sales in Danone’s specialized nutrition business rose 15% on a like-for-like basis to €1.81 billion, driven by early-life nutrition in China. The company’s waters business posted sales of €976 million and Danone said it continued to grow in all regions and segments.
DanoneWave has renamed itself and says it has been certified as a B Corporation promoting social and environmental performance.
DanoneWave, formed from French food group Danone's (DANO.PA) takeover of WhiteWave, said it had achieved formal, certification as a for-profit corporation committed to positive social and environmental goals (B-Corp). DanoneWave is also changing its name to Danone North America, the company said in a statement on Thursday. Danone's chief executive Emmanuel Faber has been pushing on with a dual financial and social agenda, which - like that of many blue-chip companies - aims to not only boost profits and returns for shareholders value but also meet other targets regarding environmental and social policies.
Danone, the world’s largest yogurt maker, sold about two-thirds of its stake in Japan’s Yakult for 175 billion yen ($1.66 billion) at a discount of 11 percent to Tuesday’s close.
Food group Danone said on Friday it would accelerate sales growth this year and deliver a further rise in profits as it seeks to respond to pressure from investors. Danone, the world's largest yoghurt maker, reported overall 2017 earnings that slightly beat expectations, with solid demand for baby food and waters in China more than offsetting weak dairy sales. Danone, whose brands include Evian Water, Activia yoghurt and Bledina baby food, said it was targeting a double-digit rise in 2018 underlying earnings per share (EPS), excluding the impact of the sale of a $1.9 billion (£1.3 billion) stake in Japan's Yakult announced this week.
Food group Danone said on Friday it would accelerate sales growth this year and deliver a further rise in profits as it seeks to respond to pressure from investors. Danone, the world's largest yoghurt maker, reported overall 2017 earnings that slightly beat expectations, with solid demand for baby food and waters in China more than offsetting weak dairy sales. Danone, whose brands include Evian Water, Activia yoghurt and Bledina baby food, said it was targeting a double-digit rise in 2018 underlying earnings per share (EPS), excluding the impact of the sale of a $1.9 billion stake in Japan's Yakult announced this week.
French dairy giant Danone says it generated very strong sales growth in 2017, and helped by the acquisition of WhiteWave will focus on improved growth and margins in 2018.
Danone said its net profit for the year rose, driven by strong growth in its waters division and in its specialized nutrition division.
LONDON/FRANKFURT/NEW YORK, Feb 14 (Reuters) - Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest hedge fund manager. Although data was not available to show whether Bridgewater holds more European stocks than it "shorts" overall, an investor in the hedge fund firm's Pure Alpha Major Markets strategy said that its position was slightly net "long" on Feb. 6.
Emmanuel Faber, Danone CEO and chairman, discusses the company's plan to focus more on health and sustainability and the food industry overall.