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Danone S.A. is a multinational food-products corporation headquartered in Paris, France. The company focuses on dairy, water, baby nutrition, and medical nutrition products. Danone is known for its commitment to sustainability, health, and innovation. With a strong global presence and a diverse product portfolio, Danone continues to thrive in the competitive food industry.Danone reported a solid performance in FY 2021, with net sales of €24,281m, marking a +3.4% increase on a like-for-like basis. Q4 sales surged by +6.7% and the company achieved a FY recurring operating margin of 13.7%. Despite a slight dip in recurring EPS to €3.31 (-1.1% vs last year), free cash flow increased by 21.3% to €2.5bn. However, the reported operating margin fell to 9.3%, influenced by one-off costs during transformation efforts. A €1.94 dividend per share was proposed, consistent with previous year. A capital market event is scheduled for March 8, 2022.
DANONE has updated its total number of voting rights and shares as of January 31, 2022. The company reports a total of 687,682,489 shares outstanding, with 712,945,694 theoretical voting rights and 663,354,095 exercisable voting rights. The distinction between theoretical and exercisable voting rights is crucial for understanding shareholding thresholds, as some shares may have suspended voting rights.
Danone has released information regarding its voting rights and shares as of December 31, 2021. The company reports a total of 687,682,489 shares and 712,985,174 theoretical voting rights. The number of exercisable voting rights stands at 663,392,164. This disclosure complies with French regulations to keep shareholders informed about shareholding thresholds and voting rights.
On January 6, 2022, Danone announced key appointments to its Executive Committee, aimed at enhancing its leadership in operations, research, innovation, quality, and sustainability. Vikram Agarwal will serve as Chief Operations Officer, starting January 2022, with over 33 years of experience. Isabelle Esser will take on the Chief Research, Innovation, Quality and Food Safety Officer role in April 2022, bringing 25 years of expertise. Henri Bruxelles will become Chief Sustainability and Strategic Business Development Officer, focusing on sustainable growth opportunities. CEO Antoine de Saint-Affrique emphasized the importance of these additions.
Danone announced the appointment of Valérie Chapoulaud-Floquet to its Board of Directors, effective March 1, 2022, following Isabelle Seillier's resignation for personal reasons. This change is part of a broader Board overhaul intended to renew the entirety of the Board by 2023, excluding the Chairman, CEO, and two employee representatives. Gilles Schnepp, Chairman, highlighted Chapoulaud-Floquet's extensive FMCG expertise. The company aims to strengthen its governance and will propose additional new directors ahead of the 2022 Shareholders’ Meeting.
Danone has released an update in compliance with Article L. 233-8 II of the French Commercial Code regarding its total number of shares and voting rights.
As of November 30, 2021, Danone has a total of 687,682,489 shares, with a theoretical voting rights total of 713,002,377. The number of exercisable voting rights stands at 663,405,999.
This information is intended to keep shareholders informed about major corporate governance aspects.
Danone has announced the sale of Aqua d'Or, its Water and Beverage business in Denmark, to Royal Unibrew, a Danish brewing and beverage company. This decision is part of Danone's strategic portfolio review aimed at optimizing capital allocation. The transaction's closing is subject to customary conditions. Danone, committed to health-focused practices and sustainability, generated €23.6 billion in sales in 2020 and aims for B Corp certification by 2025.
DANONE recently published a report detailing the total number of shares and voting rights as of October 31, 2021. The company has a total of 687,682,489 shares. In terms of voting rights, the total theoretical voting rights amount to 713,088,056, while the total exercisable voting rights stand at 664,231,103. This information complies with Article L. 233-8 II of the French Commercial Code and the AMF regulations, ensuring transparency for shareholders.
Danone has successfully issued a €700 million bond with a 9-year maturity and a coupon rate of 0.52%. This initiative is part of Danone's strategy to enhance funding flexibility and extend debt maturity. The bond is set to settle on November 9, 2021, and will be listed on Euronext Paris. Investor demand was strong, reflecting confidence in Danone's business model. The company holds a BBB+ rating from Standard & Poor’s and Baa1 from Moody’s, both with a stable outlook. Danone aims for B Corp™ certification by 2025 and generated €23.6 billion in sales in 2020.
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