August 24, 2016 10:47 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

99,771 Employees

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 Asset Sale in Chile Getting Delayed

Danone (ENXTPA:BN) plans to sell its local assets in Chile, but the plan is getting delayed as the company has been thwarted against by a legal case.

Danone Announces Earnings Results for the First Half of Fiscal 2016; Confirms Earnings Guidance for the Full Year of Fiscal 2016

Danone announced earnings results for the first half of fiscal 2016. For the six months, the company announced that its net profit doubled to EUR 880 million ($977 million). Overall, sales slid by 3% to EUR 11 billion due in large part to adverse currency exchange rates. At comparable rates, sales would have increased by 3.8%. EPS increased by 13.5%. Free cash flow has increased by 28.8%, reflecting more than the NOPAT increase on the back of the top line and margin improvement. The company has spent around 3.2% of its sales in capital expenditure. Recurring operating income was EUR 1,478 million against EUR 1,381 million a year ago. Recurring net income- group share was EUR 935 million against EUR 831 million a year ago. Recurring EPS was EUR 1.52 against EUR 1.37 a year ago. EPS was EUR 1.43 against EUR 0.69 a year ago. Operating income was EUR 1,499 million against EUR 872 million a year ago. Free cash-flow stood at EUR 731 million including EUR 11 million in outlays related to the company`s cost-reduction and organizational adaptation plan in Europe. Net debt increased by EUR 497 million from December 31, 2015 and stood at EUR 8,296 million on June 30, 2016. This includes EUR 669 million in put options granted to minority shareholders, down EUR 193 million from December 31, 2015. Income before taxes was EUR 1,364 million against EUR 718 million a year ago. Net income from fully consolidated companies was EUR 956 million against EUR 419 million a year ago. Cash-flow from operating activities was EUR 1,072 million against EUR 905 million a year ago. Capital expenditure was EUR 358 million against EUR 378 million a year ago. The company confirmed earnings guidance for the full year of fiscal 2016. The company is confirming the 2016 guidance, first, on the sales growth to be within a range of 3% to 5%, and on a margin improvement to be within 50 and 60 basis points, like-for-like.

Danone, Board Meeting, Jul 27, 2016

Danone, Board Meeting, Jul 27, 2016, at 09:00 Central European Standard Time. Agenda: To approve consolidated accounts for the 2016 first-half results.

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