DANONE S/ADR - DANOY STOCK NEWS

Danone has released its monthly update on voting rights and shares as of October 31, 2024. The company reports 679,553,991 total shares, with 699,095,232 theoretical voting rights and 663,690,530 exercisable voting rights. The theoretical voting rights serve as the basis for calculating shareholding thresholds, including shares with suspended voting rights, while exercisable voting rights exclude suspended shares to ensure transparent public information in accordance with AMF recommendations.

Danone SA proposed to acquire Lifeway Foods for approximately $283 million ($25 per share in cash) on September 23, 2024. The Lifeway Foods Board rejected the offer on November 6 and implemented a 'poison pill' shareholder rights plan. Edward and Ludmila Smolyansky, significant shareholders and founding family members, expressed strong support for Danone's offer, citing it represents a substantial premium over recent share prices. They urged the board and CEO Julie Smolyansky to reconsider the offer, warning that delays could result in lost value for shareholders, employees, and consumers.

Danone reported strong Q3 2024 performance with sales reaching €6,826m, up +4.2% on a like-for-like basis. Growth was driven by +3.6% volume/mix increase and +0.7% price growth, with positive performance across all categories. Notable highlights include strong momentum in North America (+5.8% LFL) led by Coffee Creations and Waters, acceleration in Europe volume/mix driven by EDP, and robust growth in China (+8.0% LFL). The company confirmed its 2024 guidance of +3% to +5% like-for-like sales growth with moderate improvement in recurring operating margin.

Danone, a French company registered with the Paris Commerce and Company Registry, has released information on its total number of voting rights and shares as of September 30, 2024. This disclosure is in compliance with Article L. 233-8 II of the French Commercial Code and Article 223-16 of the AMF General Regulation.

Key figures:

• Total number of shares: 679,553,991
• Total number of theoretical voting rights: 701,109,181
• Total number of exercisable voting rights: 665,704,479

The company explains that the theoretical voting rights are used for calculating shareholding thresholds, while the exercisable voting rights are published to ensure proper public information, as per AMF recommendation.

Danone, a French company listed on the Paris Stock Exchange under the ticker DANOY, has released information on its total number of voting rights and shares as of August 31, 2024. The company reported a total of 679,553,991 shares outstanding. The total number of theoretical voting rights, also known as 'gross' voting rights, stands at 701,124,112. This figure is used as the basis for calculating the crossing of shareholding thresholds. The total number of exercisable voting rights, or 'net' voting rights, is 665,718,380. This information is published to ensure proper public disclosure in accordance with French regulatory requirements.

Danone (DANOY) has successfully issued a €700 million bond with a 7-year maturity and a 3.20% coupon. The bond issuance, set to settle on September 12, 2024, aims to enhance the company's funding flexibility and extend its debt maturity. The bonds will be listed on Euronext Paris.

The issue was widely subscribed by a diverse investor base, demonstrating strong confidence in Danone's business model and credit profile. Danone maintains solid credit ratings with BBB+ (stable outlook) from Standard & Poor's and Baa1 (stable outlook) from Moody's. This successful bond issuance aligns with Danone's strategy for active liquidity management.

Danone, a French company listed on the Paris Stock Exchange under the ticker DANOY, has released information on its total number of voting rights and shares as of July 31, 2024. The company reported a total of 679,553,991 shares outstanding. The total number of theoretical voting rights, also known as 'gross' voting rights, stands at 701,154,267. This figure is used as the basis for calculating the crossing of shareholding thresholds. The total number of exercisable voting rights, or 'net' voting rights, is 665,746,927. This information is published to ensure proper public disclosure in accordance with French regulatory requirements.

Danone has announced the public availability of its 2024 interim financial report for the six-month period ending June 30, 2024. The report is now accessible online, providing stakeholders with important financial information about the company's performance during the first half of the year. This release of the interim report is a standard practice for publicly traded companies, allowing investors and analysts to review Danone's financial position, operational results, and any significant developments that occurred during the reporting period.

Danone reported strong H1 2024 results with net sales of €13,757 million, up 4.0% like-for-like (LFL) and volume/mix up 2.1%. Despite a reported sales decline of -2.9%, operating margin rose to 12.69%, up 45 bps. Recurring EPS increased 2.6% to €1.80, while free cash flow grew by 11% to €1.2 billion. Geographical performance varied: Europe saw modest LFL sales growth of 0.7%, North America reported 5.0% LFL growth, and China/North Asia/Oceania achieved 8.4% LFL growth. Danone confirmed its 2024 guidance for LFL sales growth between 3-5% and a moderate improvement in recurring operating margin. Key developments included a €700 million bond issuance, the acquisition of Functional Formularies, and a new collaboration with Microsoft on AI initiatives.