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Oct 28 2022, 07:05 IST/BST
An uplift to FY22 revenue guidance primarily reflects Danone’s ongoing pricing activity and limited evidence of elasticity (in aggregate). The conference call shed limited light on 2023 aside from an expectation of further cost inflation. The transformation programme is well underway, with an acceleration of SKU rationalisation in Europe. Danone is navigating operational headwinds well. We envisage a modest upgrade to our FY22 EBIT forecast, driven by FX and organic revenue growth upgrade.
Oct 28 2022, 07:05 IST/BST