Danone Stock Price, News & Analysis

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.

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.

Danone has made its consolidated financial statements and statutory auditors’ report for the fiscal year ending December 31, 2022, publicly available. Investors can access these documents online at www.danone.com, specifically in the Investors section under Regulated Information. This notification serves to inform stakeholders about the availability of critical financial data that could influence investment decisions.

Danone has disclosed key information regarding its voting rights and share structure as of February 28, 2023. The total number of shares stands at 675,837,932, with 699,962,545 theoretical voting rights and 663,732,544 exercisable voting rights. This disclosure complies with Article L. 233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulation. The distinction between theoretical and exercisable voting rights is crucial for understanding shareholding thresholds and ensuring transparency for shareholders.

Danone has reported strong financial results for 2022, with net sales of €27,661m, representing a 13.9% increase. On a like-for-like basis, sales grew by 7.8%, driven by an 8.7% rise in price, despite a 0.8% decline in volume/mix. The company achieved a recurring EPS of €3.43, up 3.6% year-over-year, and proposed a dividend of €2.00 per share. For 2023, Danone forecasts like-for-like sales growth of 3-5% and aims to improve its recurring operating margin. Key regional performances included significant growth in North America and the Rest of the World, although the recurring operating margin decreased to 12.2%, attributed to input-cost inflation.

DANONE has reported the total number of voting rights and shares as of January 31, 2023. The total number of shares stands at 675,837,932.

The total number of theoretical voting rights is 699,982,512, which includes shares with suspended voting rights. The total number of exercisable voting rights is 663,752,511, excluding those with suspended voting rights. This disclosure complies with Article L. 233-8 II of the French Commercial Code and Article 223-16 of the AMF regulations, ensuring public transparency.

Danone announced on January 26, 2023, that it will explore strategic options, including a potential sale, for its U.S. organic dairy operations, which include the Horizon Organic and Wallaby brands. These brands constitute about 3% of Danone's global revenues and have negatively impacted the company’s like-for-like sales growth and recurring operating margin in 2022. CEO Antoine de Saint-Affrique emphasized that while these brands are strong, they do not align with Danone's priority growth areas as defined in its Renew strategy. This move is part of a broader portfolio review initiated in March 2022.