Core Insights - Danone is restructuring its operations into three new geographical zones: EMEA, Americas, and APAC, effective from January 1, 2026, which will impact its reporting structure and key performance indicators [2][12] - The company will disclose sales for former regions while continuing to report by product category [3] Sales Performance - The restated sales figures for 2024 and 2025 by geographical zone indicate a total sales of €27.376 billion in 2024 and €27.283 billion in 2025 [5] - EMEA sales are projected to grow from €11.952 billion in 2024 to €12.212 billion in 2025, while Americas sales are expected to decline from €9.608 billion to €9.108 billion [5] - APAC sales are anticipated to increase from €5.816 billion in 2024 to €5.963 billion in 2025 [5] Like-for-Like Sales Growth - EMEA's like-for-like sales growth for 2025 shows a change of +3.9% for the full year, with quarterly growth rates ranging from +2.0% to +4.6% [6] - The Americas region exhibits a full-year growth of +3.2%, with quarterly fluctuations including a decline of -0.5% in Q2 2025 [6] - APAC demonstrates strong growth with a full-year increase of +7.6%, peaking at +10.2% in Q2 2025 [6] Category Performance - Essential Dairy & Plant-based (EDP) category sales are projected to be €13.158 billion in 2025, with a like-for-like growth of +3.5% [9] - Specialized Nutrition is expected to achieve €9.277 billion in sales for 2025, reflecting a +7.4% growth [9] - Waters category sales are forecasted to be €4.848 billion in 2025, with a modest growth of +1.9% [9] Recurring Operating Income and Margin - The recurring operating income for EMEA is projected to be €1.349 billion in 2025, maintaining a margin of 11.0% [10] - Americas' recurring operating income is expected to reach €904 million in 2025, with a margin improvement to 9.9% [10] - APAC is anticipated to have a recurring operating income of €1.412 billion in 2025, with a margin of 23.7% [10]