Welcome to our dedicated page for Danone news (Ticker: DANOY), a resource for investors and traders seeking the latest updates and insights on Danone stock.
Danone S/ADR reflects news from Danone, a global food and beverage company with categories in Essential Dairy & Plant-Based products, Waters and Specialized Nutrition. Company updates cover parent-company reporting, category performance, geographic reporting across EMEA, the Americas and APAC, and brands such as Activia, Alpro, Aptamil, evian, Nutricia and Volvic.
Recurring news also includes shareholder meeting materials, resolution results, dividend approvals, voting-rights disclosures, board governance matters, bond issuance and other capital-structure updates. Danone also reports on its sustainability roadmap, including the Danone Impact Journey and climate-related strategy themes.
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In the first quarter of 2023, Danone reported net sales of €6,962 million, reflecting an increase of 11.6% on a reported basis and 10.5% on a like-for-like (LFL) basis. This growth was driven by a 10.3% rise in price and a slight 0.2% increase in volume/mix. All geographical regions contributed positively, with notable gains of 16.0% in China and 11.8% in North America. Danone has upgraded its 2023 guidance, now forecasting LFL sales growth between 4% and 6%. The CEO emphasized the company's commitment to its Renew Danone strategy while announcing the planned redemption of a €750 million hybrid bond by June 23, 2023.
Danone has released an update on its total number of shares and voting rights as of March 31, 2023. The company has a total of 675,837,932 shares. In terms of voting rights, the total number of theoretical voting rights stands at 699,938,547, while the total number of exercisable voting rights is 663,708,546. This disclosure is in compliance with Article L. 233-8 II of the French Commercial Code and the General Regulation of the Financial Markets Authority (AMF).
The theoretical voting rights include all shares with attached voting rights, even those with suspended voting rights. The publicly disclosed exercisable voting rights exclude these suspended rights, providing a clear view for shareholders.
Danone has announced its Combined Shareholders’ Meeting scheduled for April 27, 2023, at 2:30 PM Paris time. The venue will be Salle Gaveau in Paris, France. Shareholders can access relevant documents regarding the meeting on Danone's official website. The documents include draft resolutions, a report from the Board of Directors, and details on how to participate and vote. Danone operates in health-focused categories, generating €27.7 billion in sales in 2022. The company emphasizes its commitment to sustainability and health, aiming for B Corp certification by 2025.
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Danone has proposed the appointment of Sanjiv Mehta as an independent member of its Board of Directors, pending approval at the Shareholders' Meeting on April 27, 2023. This appointment signifies the completion of the Board's renewal process. Mehta is currently the CEO of Hindustan Unilever and will step down on June 26, 2023, to join Danone's Board starting July 1, 2023. His extensive experience in the consumer goods sector, particularly in Asian markets, enhances Danone's strategic capabilities. Danone aims to leverage this expertise to advance its Renew Danone strategy for sustainable growth.