Danone: underlying EPS up 2.5% in 2024
(CercleFinance.com) - Danone has announced a 2.
5% increase in underlying EPS to E3.63 for 2024, with an underlying operating margin up 39bp to 13%, 'while continually reinvesting in future growth.
The food group's sales fell by 0.9% on a reported basis, to nearly E27.4bn, but rose by 4.3% LFL, driven by a volume/mix effect of +3% and a price effect of +1.3%.
At the AGM on 24 April, the Board of Directors will propose a dividend of E2.15 per share for 2024, up 2.4%. If this proposal is approved, the dividend will be detached from the share on 3 May and payable on 7 May.
Danone's 2025 targets are in line with our medium-term ambition, i.e. like-for-like sales growth of between +3% and +5%, and growth in operating income before non-recurring items faster than sales growth.
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5% increase in underlying EPS to E3.63 for 2024, with an underlying operating margin up 39bp to 13%, 'while continually reinvesting in future growth.
The food group's sales fell by 0.9% on a reported basis, to nearly E27.4bn, but rose by 4.3% LFL, driven by a volume/mix effect of +3% and a price effect of +1.3%.
At the AGM on 24 April, the Board of Directors will propose a dividend of E2.15 per share for 2024, up 2.4%. If this proposal is approved, the dividend will be detached from the share on 3 May and payable on 7 May.
Danone's 2025 targets are in line with our medium-term ambition, i.e. like-for-like sales growth of between +3% and +5%, and growth in operating income before non-recurring items faster than sales growth.
Copyright (c) 2025 CercleFinance.com. All rights reserved.