DANONE S/ADR - DANOY STOCK NEWS

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.