Danone

Rethinking Danone

  • Sectors : Foods
  • Companies : Danone

Ratings and price correct at time of issue.

  • Danone

    Closing Price: 7280c

  • RATING 18/06/19

  • PREVIOUS RATING 09/02/17

    NEUTRAL

DAVY VIEW

The vestiges of inconsistent financial delivery at Danone are being discarded. Recent execution (margin expansion) in an inflationary cost environment gives us confidence that new-Danone is a more disciplined, results driven and adaptive organisation. It is doubling down on innovation to drive value growth – underpinned by ambitions in Plant, where it has the licence to think big. Stakeholder alignment continues to strengthen. We believe the future will look different to the past – while it will be prone to short- term interruptions, Danone is on a fundamentally better pathway. We upgrade our rating to ‘Outperform’.

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Jun 18 2019, 06:30 IST/BST

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