DANONE S/ADR - DANOY STOCK NEWS

As of October 31, 2022, Danone reported a total of 675,837,932 shares and 700,077,464 total theoretical voting rights. The exercisable voting rights stand at 663,843,402. These figures comply with the French Commercial Code and the AMF General Regulation, ensuring transparency in shareholding structures. The distinction between theoretical and exercisable voting rights is crucial for regulatory compliance and for understanding shareholder influences in corporate decisions.

In the third quarter of 2022, Danone reported a 19.1% increase in net sales, reaching €7.33 billion, with like-for-like (LFL) growth of 9.5%. Price increases contributed 10.9%, while volume/mix saw a decline of 1.4%. North America led growth with 11.2% LFL sales, while Europe reported 6.0%. The company upgraded guidance for full-year LFL sales growth to 7-8% from an earlier 5-6%. Danone initiated a process to transfer control of its EDP Russia business, which may lead to a write-off of up to €1 billion.

Danone announced plans to transfer control of its Essential Dairy and Plant-based (EDP) business in Russia to ensure long-term local business continuity. This decision follows that the EDP Russia business had contributed approximately 5% to Danone's net sales in the first nine months of 2022, alongside impacting like-for-like sales growth and recurring operating margin negatively. The transaction could entail a write-off of up to €1 billion and will require regulatory approvals, resulting in the deconsolidation of the EDP Russia business.

Danone has reported the latest update regarding its total number of shares and voting rights as of September 30, 2022. As of this date, the total number of shares stood at 675,837,932, while the total number of theoretical voting rights was 701,282,899, with 665,048,837 being exercisable. This disclosure is made to comply with the French Commercial Code and the regulations of the Financial Markets Authority (AMF).

Danone announced the addition of two senior leaders, Gilbert Ghostine, CEO of Firmenich, and Lise Kingo, former CEO of the UN Global Compact, to its Board of Directors. Gilbert will join on October 15 and Lise on December 1, succeeding Guido Barilla and Cécile Cabanis. Their appointments align with Danone's strategy for board renewal and aim to enhance expertise in consumer goods, health, nutrition, and sustainability.

Danone's efforts reflect its commitment to rejuvenate its governance to support the Renew Danone strategy.

Danone has released information regarding its total number of shares and voting rights as of July 31, 2022. The company has 675,787,600 shares, with a total theoretical voting rights count of 701,239,377 and exercisable voting rights amounting to 665,004,127. These figures comply with French Commercial Code regulations and are provided for transparency to shareholders and the public.

Danone has successfully issued a €600 million bond with a 10-year maturity and a 3.071% coupon as of August 31, 2022. This move is part of the company’s liquidity management strategy, aimed at enhancing funding flexibility and extending debt maturity. The bond issue, expected to settle on September 7, 2022, attracted diverse investors, showcasing confidence in Danone's business model. Danone holds a BBB+ rating from Standard & Poor’s and Baa1 from Moody’s, reflecting a stable outlook.

Danone announced the availability of its interim financial report for the six-month period ending June 30, 2022, which is accessible online. The report reflects Danone's commitment to transparency and aims to communicate its financial performance. The company, recognized for its health-focused products, generated €24.2 billion in sales in 2021 and operates in over 120 markets. It continues to pursue its Renew strategy for growth and sustainability, with an ambition to achieve global B Corp™ certification by 2025.

Danone reported strong H1 2022 results with net sales of €13.3 billion, a 7.4% increase on a like-for-like basis and a 12.6% reported increase. Q2 sales rose by 7.7% driven by a 6.8% price increase and a 0.9% volume/mix rise. Recurring EPS reached €1.63, up 7.2% year-on-year. The recurring operating margin was 12.1%, slightly down from the previous year due to input-cost inflation. Danone updated its 2022 guidance, anticipating a 5-6% increase in like-for-like sales growth and confirmed its margin expectations. Free cash flow stood at €674 million, down 33.2% from the previous year.