Danone opens the next chapter of its Renew strategy ; Projecting the company into the future of Health and Nutrition
20 Giugno 2024 - 7:51AM
Danone opens the next chapter of its Renew strategy ; Projecting
the company into the future of Health and Nutrition
Press Release – Paris, June 20, 2024
Danone opens the next chapter of its
Renew strategyProjecting the company into the
future of Health and Nutrition
Today, Danone is hosting a Capital Market Event
where the company will share its mid-term strategy and value
creation journey for the 2025-2028 period.
Danone’s next chapter will build on the
fundamentals the company reestablished over the last 2 years:
science and innovation, operational and executional discipline, and
proactive portfolio management.
Danone will project itself into the future of
Health and Nutrition by:
- Gradually pivoting the way it
addresses its categories – notably Protein and Gut Health;
- Broadening some of its business
models, accelerating in Away-from-home and Medical Nutrition;
- Further expanding its geographic
footprint.
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. I believe this gives us a head
start in what will be a different world, one in which we can play a
leading role."
Committed to a long-term value compounding
model, Danone aims to consistently deliver attractive returns, and
expects, for the 2025-2028 period, like-for-like net sales growth
between +3% and +5%, and recurring operating income to grow faster
than net sales.
This financial guidance should allow Danone to
deliver a structurally double-digit ROIC and progress towards its
long-term ambition of €3bn free-cash-flow.
Today’s
Capital Market Event will be broadcast from 8:00 a.m. CET
on Danone’s website.
Presentations and other materials will also be posted on Danone’s
website.
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All references in this document to like-for-like
sales growth, recurring operating income, ROIC and free cash flow
correspond to financial indicators not defined in IFRS. Their
definitions, as well as their reconciliation with financial
statements, are detailed on page 64 (Section 3.6 “Financial
Indicators not defined in IFRS”) of the 2023 Universal Registration
Document, filed with the French Financial markets Authority on
March 12, 2024, and available on Danone’s website (www.danone.com),
on the “Investors / Publications & events / Registration
Documents/URD” section.
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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.
Grafico Azioni Danone (EU:BN)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Danone (EU:BN)
Storico
Da Dic 2023 a Dic 2024
