Danone: Update from Danone on its operations in Russia
16 Luglio 2023 - 9:14PM
Danone: Update from Danone on its operations in Russia
Press release – Paris, July 16, 2023
Update from Danone on its operations in
Russia
Danone has taken note of the decision of the
Russian authorities aiming at placing Danone Russia under temporary
external administration of the Russian authorities1. Danone is
currently investigating the situation.
On October 14, 2022, Danone launched a process
to transfer the control of its EDP Business in Russia, which was
progressing according to the expected schedule.
Danone is preparing to take all necessary
measures to protect its rights as shareholder of Danone Russia, and
the continuity of the operations of the business in the interest of
all stakeholders, in particular its employees.
This decision has no impact on Danone’s
financial guidance for 20232.
o o O o o
FORWARD-LOOKING STATEMENTS
This press release 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”,
“foresee”, “likely”, “may”, “should”, “goal”, “target”, “might”,
“will”, “could”, “predict”, “continue”, “convinced” and
“confident,” the negative or plural of these words and other
comparable terminology. Forward looking statements in this document
include, but are not limited to, predictions of future activities,
operations, direction, performance and results of Danone.
Although Danone believes its expectations are
based on reasonable assumptions, these forward-looking statements
are subject to numerous risks and uncertainties, which could cause
actual results to differ materially from those anticipated in these
forward-looking statements. For a detailed description of these
risks and uncertainties, please refer to the “Risk Factor” section
of Danone’s Universal Registration Document (the current version of
which is available at www.danone.com).
Subject to regulatory requirements, Danone does
not undertake to publicly update or revise any of these
forward-looking statements. This document does not constitute an
offer to sell, or a solicitation of an offer to buy Danone
securities.
About Danone
(www.danone.com)
Danone is a leading global food and beverage
company operating in three health-focused, fast-growing and
on-trend categories: Essential Dairy & Plant-Based products,
Waters and Specialized Nutrition. With a long-standing mission of
bringing health through food to as many people as possible, Danone
aims to inspire healthier and more sustainable eating and drinking
practices while committing to achieve measurable nutritional,
social, societal and environment impact. Danone has defined its
Renew strategy to restore growth, competitiveness, and value
creation for the long-term. With 100,000 employees, and products
sold in over 120 markets, Danone generated €24.2 billion in sales
in 2021. Danone’s portfolio includes leading international brands
(Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian,
Nutricia, Nutrilon, Volvic, among others) as well as strong local
and regional brands (including Aqua, Blédina, Bonafont, Cow &
Gate, Mizone, Oikos and Silk). Listed on Euronext Paris and present
on the OTCQX market via an ADR (American Depositary Receipt)
program, Danone is a component stock of leading sustainability
indexes including the ones managed by Vigeo Eiris and
Sustainalytics, as well as the Ethibel Sustainability Index, the
MSCI ESG Indexes, the FTSE4Good Index Series, Bloomberg Gender
Equality Index, and the Access to Nutrition Index. By 2025, Danone
aims to become one of the first multinational companies to obtain
global B Corp™ certification.
1 Federal Agency for State Property Management
(Rosimushchestvo)
2 Like-for-like sales growth between +4 and +6% with moderate
recurring operating margin improvement
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