Danone: 2019 underlying EPS up 8.3%

(CercleFinance.com) - For 2019 Danone has reported an 8.
3% increase in underlying EPS to 3.85 euros, with a 76-bp improvement in its underlying operating margin to 15.2%, with record free cash flow of 2.5 billion euros.

The agri-food giant posted revenues of 25.3 billion euros, up 2.6% as reported and on a comparable basis, with a 4.1% increase on a comparable basis in the last quarter.

Danone will pay a dividend of 2.10 euros per share, up 8%, and for 2020 targets underlying EPS growth of around 5%, reflecting sales growth of between 2% and 4%, with an underlying operating margin of over 15%.


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