February 22, 2017 6:11 PM ET

Food Products

Company Overview of Danone

Company Overview

Danone operates as a food company worldwide. Its Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and specialized dairy products under the Oikos, Danio, Activia, Danonino, Fruchtswerge, Danoninho, Petit Gervais, Danimals, Serenito, Tëma, Actimel, Danacol, Densia, Danette, Fantasia, Danissimo, YoCrunch, Vitalinea, Light & Fit, Taillefine, and Ser brands. The company’s Waters division offers packaged natural, flavored, and vitamin-enriched water under the evian, Volvic, Badoit, Aqua, Mizone, Bonafont, Villavicencio, Villa del Sur, Fontvella, Lanjarón, and Zywiec Zdroj brands. Its Early Life Nutrition division produces and distributes foods for babies ...

17, Boulevard Haussmann

Paris,  75009

France

Founded in 1899

Phone:

33 1 44 35 20 20

Key Executives for Danone

Vice Chairman, Chief Executive Officer and Member of Strategy Committee
Age: 52
Total Annual Compensation: €2.2M
Compensation as of Fiscal Year 2015.

Danone Key Developments

Danone Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Earnings Guidance for the Fiscal Year 2017

Danone reported consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the period, net profit jumped by 34% to EUR 1.7 billion in 2016, but sales declined by 2.1% to EUR 21.9 billion, largely due to exchange rate effects. On a like-for-like basis, sales grew by 2.9%, slower than the rate of 4.4% recorded the previous year. Recurring net income group share was EUR 1.91 billion, compared to EUR 1.79 billion the prior year. Recurring operating income was EUR 3,022 million against EUR 2,892 million a year ago. Recurring EPS was EUR 3.10 against EUR 2.93 a year ago. EPS was EUR 2.79 against EUR 2.10 a year ago. Operating income was EUR 2,923 million against EUR 2,210 million a year ago. The company’s net debt decreased by EUR 327 million from December 31, 2015 and stood at EUR 7,472 million on December 31, 2016. Income before taxes was EUR 2,630 million against EUR 1,925 million a year ago. Cash flow from operating activities was EUR 2,652 million against EUR 2,369 million a year ago. Capital expenditure was EUR 925 million against EUR 937 million a year ago. In the fourth quarter, the company's sales were EUR 5.36 billion, compared to EUR 5.38 billion last year. Looking ahead for fiscal year 2017, the company targets to deliver a recurring earnings per share growth above 5%, excluding any element related to WhiteWave transaction. The company will also continue to focus on increasing its free cash flow.

Danone, 2016 Earnings Call, Feb 15, 2017

Danone, 2016 Earnings Call, Feb 15, 2017

Sequoia, CDC Eye Sresta

Sequoia Capital and CDC Group plc are close to picking up a controlling stake in Sresta Natural Bioproducts Pvt. Ltd., multiple people familiar with the matter said. The deal, which is in final stages, is expected to give Sequoia and CDC, who are bidding jointly, around 70-80% stake in the Hyderabad-based company for nearly $100 million, sources said. A foreign strategic player is also in talks with Sresta, but Times of India was not able to ascertain its name. Existing investors Peepul Capital LLC and Ventureast Fund Advisors India Limited are likely to exit the company by selling their stakes, another person familiar with the development said. They collectively own about 70% in Sresta with the rest of it being held by founder Rajashekar Reddy Seelam. Sources said the company had earlier approached leading Indian and international food companies such as, Danone (ENXTPA:BN); ITC Limited (NSEI:ITC); Hindustan Unilever Limited (BSE:500696); Dabur India Limited (NSEI:DABUR); Global Consumer Products Pvt. Ltd., however, those talks were preliminary in nature. When contacted, spokespersons at Sequoia Capital and CDC did not comment on TOI's queries, while Raj Seelam said, "We do not comment on speculative news."

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