Danone: slight increase in H1 recurring EPS
(CercleFinance.com) - Danone reports a 2.
6% increase in recurring EPS to E1.80 for the first six months of 2024, with recurring operating margin improving by 45bp to nearly 12.7%, driven by a strong increase in its operating margin.
The food group posted net sales of nearly E13.8bn, up 4% like-for-like, with volume/mix up 2.1% and positive in all categories (+2.9% in Q2 alone).
Danone confirms its guidance for 2024 as a whole of LFL sales growth of between +3% and +5%, and a moderate improvement in its current operating margin.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
6% increase in recurring EPS to E1.80 for the first six months of 2024, with recurring operating margin improving by 45bp to nearly 12.7%, driven by a strong increase in its operating margin.
The food group posted net sales of nearly E13.8bn, up 4% like-for-like, with volume/mix up 2.1% and positive in all categories (+2.9% in Q2 alone).
Danone confirms its guidance for 2024 as a whole of LFL sales growth of between +3% and +5%, and a moderate improvement in its current operating margin.
Copyright (c) 2024 CercleFinance.com. All rights reserved.