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Danone SA (DANO.PA)

DANO.PA on Paris Stock Exchange

67.67EUR
9:06pm IST
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€0.70 (+1.05%)
Prev Close
€66.97
Open
€67.58
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€67.78
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€67.06
Volume
1,058,023
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1,591,940
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€72.13
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€62.24

Latest Key Developments (Source: Significant Developments)

Danone CFO says H2 sales growth will be lower than H1 growth
Friday, 27 Jul 2018 

July 27 (Reuters) - Danone SA CFO Cecile Cabanis tell analysts::CFO SAYS HAD GROSS SAVINGS OF 75 MILLION EUROS FROM PROTEIN PLAN IN H1, TARGETS 200 MILLION EUROS BY END YEAR, ON TRACK FOR 1BLN EUROS SAVINGS BY 2020.CFO SAYS EXPECTS SPECIALIZED NUTRITION SALES TO GROW NMID TO HIGH SINGLE DIGIT IN FULL YEAR 2018.CFO SAYS EVIAN WATER SALES WERE HURT BY FRENCH RAILWAY STRIKE AS EVIAN BOTTLES SHIPPED BY TRAIN.SAYS H2 GROWTH WILL BE LOWER THAN H1 GROWTH BUT GROUP NEVERTHELESS EXPECTS ACCELERATED LIKE FOR LIKE SALE GROWTH IN FULL YEAR 2018 VERSUS 2017.CFO THE CURRENT SALES TREND IN MOROCCO IS THE SAME AS THAT OF Q2.CFO SAYS 2018 FINANCIAL GUIDANCE TAKES INTO ACCOUNT THE FACT THAT MOROCCO BOYCOTT WILL WEIGH ON H2.CFO SAYS RAILWAY STRIKE IN FRANCE HAD EBIT IMPACT OF AROUND 10 MILLION EUROS ON WATER DIVISION.CFO EXPECTS ACTIVIA SALES TO REACH STABILISATION SOON IN EUROPE.  Full Article

Danone Considers Selling Organic Produce Distributor Earthbound Farm LLC - Bloomberg
Wednesday, 27 Jun 2018 

June 27 (Reuters) - :DANONE EXPLORING SALE OF CALIFORNIA ORGANIC PRODUCE DISTRIBUTOR EARTHBOUND FARM WHICH COULD FETCH ABOUT $500 MILLION - BLOOMBERG, CITING SOURCES.  Full Article

Danone expects strong Chinese baby food demand in Q2
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Danone SA :CFO Cecile Cabanis tells analysts::EXPECTS ESSENTIAL DAIRY AND PLANT-BASED INTERNATIONAL BUSINESS TO CONFIRM SALES STABILISATION IN FULL YEAR , BRAZIL TO STAY CHALLENGING - CFO.CFO SAYS EXPECTS MID TO HIGH SINGLE DIGIT SALES GROWTH IN SPECIALISED NUTRITION IN FULL YEAR 2018.CFO SAYS STILL EXPECTS STRONG SECOND QUARTER IN CHINESE DEMAND FOR BABY FOOD EVEN THOUGH MARKET DEMAND TO GRADUALLY NORMALISE.  Full Article

Fonterra Co-Operative ‍Revises Earnings Forecast After Outcome Of Danone Arbitration​
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Fonterra Co-Operative Group Ltd ::ANNOUNCES OUTCOME OF DANONE ARBITRATION​.‍DECISION HAS NO IMPACT ON FORECAST FARMGATE MILK PRICE​.MADE A DECISION TO REVISE ITS FORECAST EARNINGS PER SHARE RANGE FOR 2017/18 FINANCIAL YEAR TO 35 TO 45 CENTS, DOWN FROM 45 TO 55 CENTS​.  Full Article

Fonterra Confirms Amount Of Award In Arbitration Proceedings​
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Fonterra Co-Operative Group Ltd ::‍FONTERRA CONFIRMS AMOUNT OF AWARD IN ARBITRATION PROCEEDINGS​.‍FONTERRA IS AWARE THAT DANONE HAS INDICATED THAT IT HAS BEEN AWARDED DAMAGES IN AMOUNT OF NZ$183 MILLION IN ARBITRATION​.‍FONTERRA CAN CONFIRM THAT THIS IS AMOUNT OF AWARD AND IS CURRENTLY CONSIDERING FULL FINANCIAL IMPLICATIONS OF AWARD​.  Full Article

Danone Says Co Awarded Damages Of €105 Mln To Be Paid Immediately By Fonterra ‍​
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Danone SA ::AWARDED DAMAGES OF €105 MILLION TO BE PAID IMMEDIATELY BY FONTERRA FOR COSTS SUFFERED AS A RESULT OF FONTERRA FOOD SAFETY FAILURES OF 2013. ‍​.  Full Article

Fonterra Requests Temporary Trading Halt
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Fonterra Co-Operative Group Ltd ::FONTERRA REQUESTS TEMPORARY TRADING HALT.‍REQUEST HAS BEEN MADE TO GIVE FONTERRA TIME TO CONSIDER OUTCOME OF ITS ARBITRATION WITH DANONE ​.‍FONTERRA HAS BEEN ADVISED THAT IT WILL RECEIVE ARBITRATION TRIBUNAL'S DECISION TODAY​.‍ARBITRATION WITH DANONE REGARDING FONTERRA'S 2013 WHEY PROTEIN CONCENTRATE PRECAUTIONARY RECALL.​.‍FONTERRA HAS BEEN ADVISED THAT IT WILL RECEIVE ARBITRATION TRIBUNAL'S DECISION ON DEC 1.WILL NOT BE IN A POSITION TO IMMEDIATELY ASSESS ANY FINANCIAL IMPLICATIONS AND ADVISE MARKET ON TRIBUNAL'S DECISION​.‍REMAINS IN A STRONG FINANCIAL POSITION AND ANY DAMAGES AWARD WILL NOT AFFECT OUR ABILITY TO OPERATE​.  Full Article

Danone gaining market share in Chinese infant formula market - CFO
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Danone Finance Head Cecile Cabanis tells analysts during a call::Danone expects to deliver synergies from WhiteWave acquisition faster than expected this year.Consumer demand remains subdued in Europe, Brexit also creates uncertainty.Danone has completed the registration of all its infant milk formula products in China.Danone expects Q4 to be a strong quarter for early life nutrition business.Danone expects water business to remain solid for the full year.Danone says expects essential dairy and plant based (EDP) business in Noram to return to positive territory in Q4.Danone says expects international EDP sales to improve in Q4 versus Q3 but to remain negative.SAYSsays early life nutrition market growing strongly in China and Danone is gaining market share.Danone says turning around Brazil dairy business will take time, no turnaround expected before the course of 2018.  Full Article

French group Danone invests in start-up baby food firm Yooji
Thursday, 28 Sep 2017 

Sept 28 (Reuters) - Danone Sa ::* Danone Manifesto Ventures announces it has become a shareholder of Yooji, the French start-up aiming to revolutionise baby food by providing frozen portion-sized organic products.* Danone says the investment is the fourth this year of its Danone Manifesto Ventures division.* Yooji products sold in more than 600 stores throughout France.* Yooji says its products are sourced from organic farms and cooked in France with 100 percent natural ingredients, without salt or additives.  Full Article

Danone completes sale of Stonyfield
Wednesday, 2 Aug 2017 

Aug 2 (Reuters) - Danone Sa ::* Danone announces the completion on August 1 of the sale of Stonyfield, one of its U.S. subsidiaries, to Lactalis, following the binding agreement signed on July 1.* The divestiture was part of the agreement reached on March 31, 2017 with the U.S. DoJ in connection with Danone's recently closed acquisition of WhiteWave.  Full Article

UPDATE 2-Danone keeps growth outlook despite Morocco boycott

* Morocco sales down 40 pct in Q2 (Adds CFO, analyst, shares)