20.06.2024 11:46:35 - dpa-AFX: Danone To Announce Mid-term Strategy, Sees Growth In 2025-2028; Stock Dips

PARIS (dpa-AFX) - French food products company Danone (DANOY.PK) on
Thursday, at its Capital Market Event, will announce its mid-term strategy, and
outlook for the 2025-2028 period of like-for-like net sales growth between 3
percent and 5 percent. For the period, recurring operating income is projected
to grow faster than net sales.

Danone expects to deliver a structurally double-digit ROIC and progress towards
its long-term ambition of 3 billion euros free-cash-flow.

Danone said it aims to consistently deliver attractive returns. The next chapter
of its renew strategy will build on the fundamentals the company reestablished
over the last 2 years. These include science and innovation, operational and
executional discipline, and proactive portfolio management.

The company further said it will focus on health and nutrition.

Antoine de Saint-Affrique, Chief Executive Officer, said, 'The Danone of today
is very different from the Danone of 2 years ago. We now have the right
fundamentals in place to turn Danone into a truly science based, consumer and
patient centric company, with an even stronger focus on our unique health
focused mission. The food industry is at a tipping point: health, and the role
food plays in health, will become more critical than ever.'

In Paris, Danone shares were trading at 56.44 euros, down 4.21 percent.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
DANONE S.A. EO -,25 851194 Xetra 57,320 27.06.24 17:35:57 -0,720 -1,24% 0,000 0,000 57,440 58,040

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