Pots of Activia yoghurt, manufactured by Danone SA, sit on display.Bloomberg | Getty ImagesThe CEO of French consumer goods giant Danone downplayed the threat of obesity drugs on its food business, arguing that consumers were likely to turn to healthy products as part of their new weight loss regime.Antoine de Saint-Affrique said that surging demand for drugs like Wegovy and Mounjaro would only increase consumer appetite for more nutritional products."We see ourselves as extremely complementary to GLP-1s," ...

| --- | |---------------------------------| | | | Company Participants | | Mathilde Rodie - Head, IR | | Antoine de Saint-Affrique - CEO | | Juergen Esser - CFO | | Conference Call Participants | | Guillaume Delmas - UBS | | Jon Cox - Kepler | | Warren Ackerman - Barclays | | Pascal Boll - Stifel | | Bruno Monteyne - Bernstein | | Charlie Higgs - Redburn | | Celine Pannuti - JPMorgan | | David Hayes - Jefferies | | | I would now like to hand the conference over to your speaker today, Mathilde Rodie, Head of ...

Nestle S.A. (OTC:NSRGF, VTX:NESN) and Danone (OTCQX:DANOY) have both signalled food prices could climb more slowly over the coming year after such sharp increases have hit demand at both. Nestle reported organic sales growth of 7.2% for the year to December, below analysts’ expectations for 7.4%. Danone (OTCQX:DANOY) said like-for-like sales had climbed by 7% meanwhile, with price increases offsetting a 0.4% decline in volumes. Such price rises have become commonplace in shops in recent years, with the two ...

French food-manufacturing multinational Danone (OTCQX:DANOY) has announced a 7% reduction in the wholesale price of its powdered Aptamil baby formula products following an investigation by the UK's Competition and Markets Authority (CMA) into high formula prices. The CMA's scrutiny was triggered by significant price hikes in the baby formula sector, with Danone's prices having risen by 25% over two years. Data shared by the CMA showed that the cost of an 800g pack of Aptamil increased by 26% to £14.50 betwe ...

In today’s business landscape, consumers’ and investors’ growing focus on supply chain scrutiny is unrelenting but good news for eco-friendly stocks. This trend underscores a critical need for transparency, pushing companies to invest heavily in sustainable supply chain practices. Failing to do so risks alienating customers and investors, potentially eroding revenue streams. This shift toward sustainability and transparency isn’t just an environmental gesture; it’s a strategic move aligning with environment ...

ToplineGlobal shipping firms—including Denmark’s AP Møller-Maersk and Germany’s Hapag-Lloyd—have paused and rerouted operations in the Red Sea due to risks of attacks by Yemen’s rebel Houthi group, leading some companies to warn of shortages and delays as they seek alternative trading routes.Ikea and Danone have warned of shipping delays as they seek alternative trade routes. (Photo by ... [+] Warren Little/Getty Images)Getty Images Key FactsOver 100 container ships have been rerouted around the southern ti ...

Danone S.A. (OTCQX:DANOY) Q3 2023 Earnings Conference Call October 26, 2023 11:45 AM ET Company Participants Mathilde Rodie - Head, IR Juergen Esser - CFO Conference Call Participants Bruno Monteyne - Bernstein Celine Pannuti - JPMorgan Guillaume Delmas - UBS Jon Cox - Kepler Pascal Boll - Stifel Warren Ackerman - Barclays Mathilde Rodie Good morning everyone. Thank you for being with us this morning for our Q3 Results Call. I'm with Juergen Esser, the CFO, who will go through some prepared remarks, before ...

Financial Data and Key Metrics Changes - The company reported a like-for-like revenue increase of 8.4% for the first half of 2023, driven by a pricing increase of 9.4% and a resilient volume mix decline of 1.1% [6][8] - Recurring operating margin improved by 14 basis points year-over-year, while cash flow reached EUR1.1 billion, an increase of EUR400 million compared to the previous year [8][53] - The recurring EPS for the first half of 2023 was EUR1.76, reflecting a 7.6% increase year-over-year, while reported EPS stood at EUR1.7, up 48% due to a decrease in non-recurring costs [52][53] Performance by Business Lines - The EDP category achieved a net sales growth of 6.2%, with strong double-digit growth in High Protein, Everyday Nutrition, and Coffee Creation platforms [25] - Specialized Nutrition sustained competitive growth at 4.9%, with market share gains in regions like China and Southeast Asia [25] - The Waters category delivered a growth of 9.6%, driven by strong performance from Evian and Mizone brands [27] Performance by Markets - Europe experienced a solid growth of 6.5% in Q2, with pricing up 11.7% and volume mix down 5.1% [31] - North America reported a 5% like-for-like sales growth, with notable contributions from the Coffee Creations business and solid performance in the Yogurt segment [34][36] - Latin America registered a 10.8% like-for-like sales growth in Q2, with all countries contributing to the performance [42] Company Strategy and Industry Competition - The company is focused on restoring its value creation model through consistent delivery and strategic investments, particularly in A&P and product superiority [18][20] - The Renew Danone framework emphasizes long-term value creation rather than short-term tactical wins, with a commitment to reinvest in brands and assets [18][59] - The company is actively working on SKU rationalization to streamline its portfolio and improve operational efficiency [85] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the volatile environment but expressed confidence in the sequential improvement of volumes and operational leverage [55] - The company reiterated its full-year guidance for like-for-like net sales growth between 4% and 6%, expecting to be at the upper range of this guidance [56] - Management emphasized the importance of maintaining a balanced growth model while navigating inflationary pressures [80][81] Other Important Information - The EDP business in Russia has been placed under temporary external administration, leading to a cash impairment of around EUR0.2 billion [54] - The company is making substantial progress in its transformation efforts, particularly in Europe, with expectations of improved volume dynamics moving forward [33][54] Q&A Session Summary Question: EDP performance in the U.S. and Europe - Management noted a good performance in the U.S. EDP, particularly with Oikos and Activia, while addressing a slowdown in the Danimals brand due to price elasticity [63] - In Europe, the company is leveraging successful strategies from Spain to improve performance in other countries [64][65] Question: Growth in China and Specialized Nutrition margins - Specialized Nutrition in China saw nearly 7% growth, with strong contributions from Infant Milk Formula [68] - Margins in Specialized Nutrition were down due to investments in innovation and the timing of price increases in Europe [71] Question: Pricing adjustments and strategic roadmap - Management indicated that while pricing effects are expected to normalize, inflation will still impact costs, necessitating a sophisticated pricing strategy [80] - The company is focused on consistent delivery before moving to the next phase of its strategic roadmap [77] Question: SKU rationalization and capital allocation - SKU rationalization is progressing, with expectations to normalize by the end of the year, while maintaining a disciplined approach to portfolio management [85] - Free cash flow reached EUR1.1 billion, driven by disciplined capital allocation and working capital management [87]

Danone S.A. (OTCQX:DANOY) Q1 2023 Results Conference Call April 26, 2023 11:00 AM ET Company Participants Mathilde Rodie - Head, IR Juergen Esser - CFO Conference Call Participants Guillaume Delmas - UBS Jon Cox - Kepler Cheuvreux Bruno Monteyne - Bernstein Celine Pannuti - JPMorgan Warren Ackerman - Barclays Martin Deboo - Jefferies David Hayes - SocieteGenerale Tom Sykes - Deutsche Bank Charlie Higgs - Redburn Mathilde Rodie Good morning, everyone. Thank you for being with us this morning for our Q1 call ...

FULL-YEAR 2022 RESULTS February 22, 2023 DISCLAIMER - This presentation contains certain forward-looking statements concerning Danone. In some cases, you can identify these forward-looking statements by forward-looking words, such as "estimate", "expect", "anticipate", "project", "plan", "intend", "objective", "believe", "forecast", "guidance", "outlook", "foresee", "likely", "may", "should", "goal", "target", "might", "will", "could", "predict", "continue", "convinced" and "confident," the negative or plur ...