Alongside other brand companies, Danone joins the WWF in the creation of the Bioplastic Feedstock Alliance (BFA) to support the responsible development of plant-based plastics. [...]
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French magazine L’Express recently published on its website a slideshow about the Pepenadores project [...]READ THE ARTICLE
To enhance the effectiveness of its media investments, Danone has decided to bring all media activities for its four business lines in Europe together under a single partner. In May 2013, the Group launched a tender to this effect in 24 European countries and has selected GroupM based on responses. [...]
Danone launches a successful € 1 billion bond issue. On November 7th, 2013, Danone announced the successful launch [...]READ THE ARTICLE
CO-INVENT TO INNOVATE: EXPLORING NEW MODELS TO TRANSFORM OUR PRACTICESREAD THE ARTICLE
With a compound annual growth rate of +20% between 2008 and 2012, Aquadrinks are driving the remarkable performance of our Waters division. After Argentina, Mexico, Brazil, and also China (with Mizone), it is now Europe's turn [...]
FACT OF THE DAY: WHAT DO YOGURT AND LEONARDO DE VINCI HAVE IN COMMON?READ THE ARTICLE
- MISSION & STRATEGYMISSION & STRATEGY
- OUR STRATEGY
- OUR WAY OF DOING BUSINESS
- Research & InnovationResearch & Innovation
- OUR RESEARCH AT A GLANCE
- Our fields of innovation
- OUR 4 BUSINESS LINESOUR 4 BUSINESS LINES
- Fresh Dairy Products
- BABY NUTRITION
- Medical Nutrition
- HISTORYFOR YOU
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- REGULATED INFORMATION
- FINANCIAL INFORMATION
Danone chooses GroupM for its media strategy in Europe
To enhance the effectiveness of its media investments, Danone has decided to bring all media activities for its four business lines in Europe together under a single partner. In May 2013, the Group launched a tender to this effect in 24 European countries and has selected GroupM based on responses.
Danone to join The Abraaj Group in the acquisition of Fan Milk International, a leading dairy products player in West Africa
Danone and The Abraaj Group (“Abraaj”), a leading investor operating in growth markets, today announced a partnership agreement whereby Danone will join Abraaj in the acquisition of Fan Milk International (“Fan Milk”).
Official Announcement: Brazil will host the Danone Nations Cup 2014 World Final!
October 21st, 2013. In 2014, the Danone Nations Cup World Final will be held in Brazil… the land of football! The Danone Nations Cup is the world’s biggest football tournament for children aged 10 to 12. Throughout this competition, the values of Fair Play, Openness, Sharing and Pleasure are promoted to all involved. Each year since its creation in 2000, 2.5 million children from all 4 corners of the world participate in the event. Throughout the 32 participating countries local and national finals are organized, whereby the winning team represents their respective country at the World Final.
Appointment to the Executive Committee Marc Benoit named Executive Vice President, Human Resources
Starting January 1, 2014, Muriel Pénicaud, currently Executive Vice President, Human Resources, will focus on governance and social responsibility. Marc Benoit will succeed her as Executive Vice President, Human Resources, reporting to Emmanuel Faber, Co-Chief Operating Officer.
Danone joins forces with Damate to produce quality milk in Russia
November 1st, 2013 - Russia. On 1 November, Danone announced that it had signed a co-finance deal with the Russian firm Damate for the construction of several dairy farms in Russia, in order to guarantee the production of quality milk. The farms will be built in the central Tyumen region and the Republic of Bashkortostan.
Danone launches Danio, a low-fat, high-protein snack positioned on the French snack food market
October 2013 - France. Danone announced the impending launch of the high-protein, low-fat snack Danio in France in early 2014. “This is a new segment which doesn’t exist in France yet, but which fulfils the current expectations of consumers when it comes to snack foods,” explains Olivier Delamea, Managing Director of Danone Fresh Dairy Products France. According to him, “French people are increasingly eating between the three main meals. 80% of them snack during the day.”
A TRIBUTE TO PURITY
October 2013. The natural mineral water evian® is perpetuating its history with fashion by teaming up with the famous couturier Elie Saab. The latest in a line of seven associations with leading fashion designers, 2014’s limited edition evian® bottle sees the two brands join forces to pay tribute to purity. The bottle is decorated with a lace pattern that is reminiscent of the femininity and elegance which feature so prominently in Elie Saab's collections. This delicate white lace designed with architectural accuracy is a signature of the Elie Saab fashion house and brings added refinement to the clean lines of the bottle’s silhouette. The end result reflects and symbolises the immaculate craftsmanship and sophistication for which the two brands are renowned.
Danone opens a new R&D centre, Nutricia Research, in Utrecht
September 30th, 2013 – Utrecht, Netherlands. Positioned at the cutting edge of science and technology, the new Utrecht research facility will strengthen the Group’s leadership position by bringing a significant part of Danone’s R&D expertise in the highly promising areas of early life nutrition and advanced medical nutrition — nearly 400 people — together under one roof.
The Evian Championship, the first golf major in Continental Europe
September 12th, 2013 – France. From September 12th to 15th, Continental Europe will host the 1st golf major in its history: The Evian Championship. After the Kraft Nabisco Championship, the LPGA Championship, the US Women’s Open and the Women’s British Open, this newcomer on the Majors scene will hold a strategic position at the end of the season and will crown the world’s greatest women golfers.
DANONE INVESTS 40 MILLION DOLLARS IN ITS BOUCHERVILLE PLANT WITH SUPPORT FROM THE QUEBEC GOVERNMENT
September 6th, 2013 – Canada. On September 6th, 2013, Danone in Canada, alongside Ms. Pauline Marois, Premier of Quebec, and Ms. Élaine Zakaïb, the minister responsible for Industrial Policy and the Economic Development Bank of Quebec, announced a $40 million investment in its Boucherville head office plant, for the production of its OIKOS Greek yogurt. “This investment not only confirms Danone's role as a major agent of economic development in Quebec, but reasserts its leadership as the country's largest yogurt producer,” said Nick Krzyzaniak, President and CEO of Danone in Canada.
Dannon® Oikos® Greek Yogurt to Return to the Super Bowl
September 3rd, 2013 - White Plains, New York, US. The Dannon Company announced that its popular Dannon Oikos Greek yogurt brand will again advertise in the Super Bowl, scheduled for February 2, 2014. “Dannon Oikos is becoming a household name because people love its great taste and nutritional benefits, especially its protein, and the brand is a real innovator in the yogurt category,” said Sergio Fuster, Chief Marketing Officer for The Dannon Company. “Millions of Americans are embracing Greek yogurt for its nutritional benefits, and Dannon Oikos has all of those benefits along with great taste. Men and women alike are huge fans of Oikos, and advertising during the single largest television viewing event in the USA is a natural fit.”
Danone welcomes the findings of the New Zealand authorities' investigation of Fonterra which conclude that all ingredients used by Danone are in full compliance with the highest standards of quality
Following a statement by the New Zealand government and Fonterra on August 2nd warning that batches of ingredients supplied by Fonterra to four Danone plants in Asia-Pacific might be contaminated with Clostridium botulinum bacteria, the Group recalled selected infant formula products from sale in eight markets(1) of this region as a precautionary measure. The warning was lifted on August 28th when New Zealand's Ministry for Primary Industries (MPI) concluded after several weeks of tests that there was no Clostridium botulinum in any of the batches concerned.
Danone acquires YoCrunch, a mix-in toppings specialist, to support continued yogurt growth in the USA
Danone announce today that it has acquired 100% of YoCrunch’s share capital. Founded in 1985, YoCrunch makes yogurt with crunchy toppings packaged separately, in part through licensing agreements with well-known national brands such as M&Ms and Oreo. With net sales of $110 million and sustained double-digit growth in recent years, the company is now the market leader of the yogurt with toppers segment.
Dannon brings free yogurt and coupons to downtown Chicago on August 1
July 31st, 2013 – Chicago, US. To encourage Chicagoans to eat yogurt every day, about 300 employees of The Dannon Company will be handing out more than 17,000 cups of yogurt on Thursday, August 1 from 1 to 3 PM. It is part of Dannon's mission to educate Americans about the benefits of eating yogurt every day. Dannon employees will hit the streets of downtown Chicago to share the benefits of eating yogurt every day while distributing the free samples, while supplies last, plus about 40,000 coupons for Dannon products.
2013 First-Half Results
- Solid growth in H1 2013 sales, up +6.0% like-for-like and +5.6% as reported
- Second-quarter trends confirm a good start to the year, with sales up +6.5% like-forlike and reported sales up +6.7%, reflecting the strongest growth in volume in the past eight quarters
- Sales growth held at over +10% in emerging markets/North America as a whole in Q2, while in Europe the decline was lower than in the previous quarter (-3.0%)
- Trading operating margin of 13.34% in H1 2013, with a decline similar to that observed in 2012 (-49 bps), in line with targets
- Underlying fully diluted earnings per share at €1.48, steady like-for-like and down -2.4% from 2012 as reported
- Free cash-flow in H1 2013 at €714 million excluding exceptional items
- Full-year 2013 targets confirmed: sales growth of at least +5%, trading operating margin down by between -50 and -30 bps, and free cash-flow of around €2 billion excluding exceptional items
Danone and Starbucks Announce Strategic Agreement to Create and Develop an Exclusive Line of Evolution Fresh, Inspired by Dannon-branded Fresh Dairy Products
Danone (EN Paris: BN), the world’s leading producer of fresh dairy products, and Starbucks Coffee Company (NASDAQ: SBUX), the world’s leading coffee retailer and roaster of specialty coffees, today announced a strategic agreement to offer a jointly created and developed selection of new, healthy specialty yogurt products in participating Starbucks stores and in grocery channels. This will advance Danone’s ambition to expand yogurt consumption in the U.S., while growing Starbucks health and wellness offerings for its customers under the company’s Evolution Fresh brand.
Danone acquires Nutrimed in Brazil
July 2013 – Brazil. Danone Medical Nutrition has gone a step further in its expansion in Brazil and Latin America by acquiring the local nutrition company Nutrimed, which includes a production unit located in Fortaleza, Ceará. Created in 1993, Nutrimed is a pioneer in the production of high-quality medical nutrition and its range is complementary to that of Danone, offering products for tube feeding, oral supplements and nutritional supplements for weight management.
Danone announces the creation of a joint-venture with Norbert Dentressangle in Russia to offer logistics for fresh products
July 9th, 2013 – Russia. Danone announces the creation of a 50/50 joint-venture with Norbert Dentressangle to provide temperature-controlled logistics and transport of fresh products across Russia. The logistics and transport company will now be responsible for the distribution of fresh products in Russia, to improve both the production and the quality of Danone’s services.
COFCO, Mengniu and Danone Join Forces to Accelerate the Development of Fresh Dairy Products in China
COFCO, the State-owned largest food company in China, has signed an agreement with Danone, pursuant to which the two parties will form a joint-venture. COFCO has agreed to sell 148,014,022 shares in China Mengniu (a Hong-Kong listed company) to the jointventure. COFCO and Danone will own 51% and 49% respectively in the newly formed company. After the transaction, COFCO will continue to be the single largest shareholder in Mengniu.
Danone acquires Happy Family, one of the fastest-growing premium organic baby food companies in the US
Danone announced today that it has signed an agreement to acquire an equity interest of over 90% in Happy Family, the fourth largest contender in the US baby food market.
Danone and Yakult agree on new cooperation framework to replace existing strategic alliance
In 2004 Danone and Yakult signed a strategic alliance aimed at strengthening their global leadership in probiotics and accelerating the growth of both companies in the functional food market. Under this alliance several collaboration projects in probiotics research and promotion have been undertaken, as well as commercial joint ventures in India and Vietnam.
Octave 2013: an intergenerational and intercompany transformation programme
April 18th, 2013 – France. Run for the first time in 2012, the Octave Programme was held in Evian from April 16th to 18th, 2013 for the second year and was a resounding success. This success is largely due to the talent, passion and dynamism of all involved, as well as the relevance of the subject: it is part of the inevitable movement in companies towards networking structures, and promoting increased sharing of knowledge and skills, where behavioural diversity is an asset.
In Indonesia, Aqua has been rewarded by the United Nations for its contribution to the Millenium Development Goals
March 27th, 2013 - Indonesia. Aqua, Danone’s water brand in Indonesia, has been rewarded by the United Nations for its contribution to the Millenium Development Goals. Three projects have been rewarded:
- School Supporting Program
- Program Water Access, Sanitation and Hygiene (WASH)
- Program Sekolah Sahabat Mata Air
Danone Narang Beverages launches B'lue, a new generation restoration drink
March 26th, 2013 – Mumbai, India. Danone Narang Beverages, a joint-venture between the French group Danone and the Indian business house Narang Group, today announced the national launch of B'lue, a delicious new restoration drink that enlivens you in body, mind and mood. With the launch, this beverage opens a new segment in the Indian ready-to-drink beverage segment.
Danone finalizes increase in its interest in Centrale Laitière (Morocco) to 67.0%
Following its announcement on June 27, 2012, Danone today finalized its acquisition of exclusive control (67.0%) of Centrale Laitière by acquiring part of SNI's shareholding for a total €543 million. Since 2001, the Group had held 29.2% of this company's capital.
2012 Full-Year Results
- Sales over €20 billion, up +5.4%
- Trading operating margin down 50 bps• Free cash-flow over €2 billion
- 2013 targets : A solid year of transition on the way to profitable growth in 2014
- Sales growth of at least +5%
- Trading operating margin down, by between -50 bps and -30 bps
- Free cash-flow held steady at around €2 billion excluding exceptional items
Danone prepares a plan to generate savings and regain its competitive edge in Europe
To address a lasting downturn in the European economy and consumer trends that have led to a significant decline in its sales in the region, Danone is preparing a cost reduction and adaptation plan to win back its competitive edge.
Sales in the third quarter and first nine months of 2012
- Sales for the first nine months of 2012 are up +8.3% as reported and +5.6% like-for-like
- Third-quarter sales show growth of +9.4% as reported and +5.0% like-for-like, reflecting increases in both volume (+1.6%) and value (+3.4%)
- Overall performance was solid, with contrasts from region to region: sales grew by over 10% in emerging markets and North America combined, and declined in Europe as deterioration continued in Southern Europe
- Danone reconfirms its full-year targets for 2012: sales growth of +5-7%, operating margin down 50 bps, and free cash flow of €2 billion
2012 First-Half Results
- Solid growth in H1 2012 sales of +7.7% as reported and +5.9% like-for-like
- Second quarter in line with expectations, marked by a high basis for comparison in 2011 in the Waters division; reported sales up +7.8% and like-for-like sales up +5.0%
- Sales up in all divisions, with variations from one region to the next including a decline in Europe and double-digit growth[3 in the rest of the world
- Trading operating margin in line with expectations at 13.85% (-61bps)
- Underlying fully diluted earnings per share up +4.7% at €1.51 as reported, and up +2.5% like-for-like
- Free cash flow at €890 million
- New full-year targets for 2012 confirmed: sales growth of 5-7%, operating margin down50 bps, and free cash flow at €2 billion
Danone decides to adjust operating margin target and reiterates sales growth and free cash flow targets for 2012
In February this year, Danone set clear priorities for 2012: developing its product categories, pursuing investment in countries with high growth potential, particularly those that Danone calls “MICRUB” and supporting operations and brands in Western Europe.
2011 Full-Year Results
- Vigorous growth in 2011 sales: +13.6% as reported and +7.8% like for like
- Fourth quarter gains in line with full-year trend, with sales up +7.8% like for like
- Growth in sales volume: +3.0% in 2011 and +2.2% in the fourth quarter
- Strong performance in all regions and all divisions
- Trading operating margin: 14.72% in 2011, +20 bps higher than in 2010, in line with the target set at the beginning of the year
- Underlying fully diluted EPS of €2.89, up +6.5% as reported and +8.8% like for like
- Free cash flow up + 9.4% to €1,874 million
- Dividend of €1.39 per share, up +6.9%, will be proposed to this year’s General Meeting of Shareholders
- Unimilk’s performance in line with 2011 priorities: return to profitability and integration with Danone Russia
Danone to cancel 6.6 million treasury shares further to change in covering former stock-option plans
In October 2009, Danone ended its allocation of stock options, replacing them with performance shares. At 30 September 2011, stock-option plans still in effect represented 12.6 million unexercised options or 1.94% of its capital.
Sales in the third quarter and the first nine months of 2011
- Sales for the first nine months of 2011 are up +14.3% as reported and +7.7% like for like
- Third-quarter show organic growth of +5.9% reflecting increases in both volume (+1.5%) and value (+4.4%); all divisions report growth
- Unimilk’s performance is in line with priorities for integration, steady sales
- Full-year targets for 2011 confirmed
Appointments to the Executive Committee: Thomas Kunz named Executive Vice President, Fresh Dairy Products; Francisco Camacho named Executive Vice President, Waters
Effective October 1, 2011:
- Thomas Kunz is appointed Executive Vice President, Fresh Dairy Products, replacing Jordi Constans who is leaving Danone to pursue his career outside the Group. A Swiss national, Thomas Kunz has served as Executive Vice President, Waters since 2004. He previously held a number of positions in Fresh Dairy Products, including head of subsidiaries in the United States and Mexico.
- Francisco Camacho, a Mexican national, is appointed Executive Vice President, Waters. He was previously head of Latin American operations for the Fresh Dairy Products division, and with this new position joins the Group’s Executive Committee. Francisco Camacho will be replaced in his previous position by Rafaël Pamias Romero, who currently heads the Waters Division’s Latin American operations.
Danone to acquire nutrition business of India’s Wockhardt Group
Under the agreement, Danone will acquire Wockhardt’s nutrition business and brands as well as its related industrial operations from Carol Info Service (located in Punjab, India) for a total of approximately € 250 million.
Notification of availability of Danone’s interim financial report for the period ended June 30th, 2011
Danone announces that its interim financial report for the period ended June 30th, 2011 is publicly available and accessible on line at: finance.danone.com (Section: regulated information)
2011 First-Quarter Sales
- Danone reported sales rose +19.6% in Q1 2011, while the like-for-like rise was +8.5%, making this the best quarterly performance since Q1 2008
- Growth was balanced, underpinned by rises in volume (+5.0% in Q1 2011) and in value (+3.5% in Q1 2011)
- Business accelerated in all divisions and all regions
- Double-digit growth in Danone’s priority markets: Russia, the USA, Indonesia, China, Mexico and Brazil
- Excellent performance in Waters and Baby Nutrition
Danone names Jean-Philippe Paré as Executive Vice President, Research & Development
Jean-Philippe Paré, currently President of Kraft Foods France, will be taking up the position of Executive Vice President, Research and Development, with Danone on May 2, also becoming a member of the Executive Committee. He will replace Sven Thormahlen, who has decided to move on to a new professional challenge.
2010 Full-Year Results
- Danone sales increased +6.9% in Q4 and in full year 2010
- Volume growth of +4.8% in Q4 and of +7.6% in full year 2010
- Trading operating margin steady at 15.16% (+3 bps) in 2010, up a steep +78 bps in H2 compared with 2009
- Underlying net income up 14.2%
- Underlying fully-diluted Earnings Per Share increased 8.6% in reported figures to €2.71, rising 12.7% like-for-like
- Free Cash Flow up 20.0% to €1,713 million
- Proposal to pay a dividend of €1.30 per share
EFSA opinion on the link between the consumption of Actimel and reduced risk of diarrhoea associated with the presence of Clostridium difficile in hospital
In an opinion published today, EFSA concludes that the positive elements included in the application filed by Danone in August 2009 are not sufficient to establish a definite relationship of cause and effect between the consumption of Actimel, containing the L. Casei DN114 001, and a reduced risk of diarrhoea associated with the presence in the intestine of Clostridium difficile bacteria for older people undergoing antibiotic treatment in hospital environments.
Executive Committee appointments: Jordi Constans, Executive Vice President, Fresh Dairy Products and Felix Martin, Executive Vice President, Baby Nutrition
Following Christian Neu’s decision to step down from his current position as Executive Vice President of the Baby Nutrition division to pursue a consulting project, the following appointments have been announced and will take effect from January 1, 2011.
Sales in the third quarter and the first nine months of 2010
- Sales increased 6.9% in both the 3rd quarter and in the first nine months
- Volumes rose 6.3% in the 3rd quarter and 8.6% in the first nine months
- Continued momentum for the Fresh Dairy Products, Baby Nutrition and Medical
- Nutrition divisions, reporting sales growth of 5.5%, 8.6% and 8.4%, respectively
- Vigorous growth in the Waters division, with sales up 8.7% in the 3rd quarter, partly due to favorable weather in Japan and Europe
- Full year targets confirmed, calling for sales growth of at least 6%, stable operating margin and a rise of at least 10% in cash flow from operations
Danone has reached agreement with Wimm Bill Dann to sell back its 18.4% stake in the Russian company
Danone has reached agreement with Wimm Bill Dann Foods (“WBD”) whereby WBD will acquire all ordinary shares and ADRs held by Danone, representing an 18.4% stake in WBD, for a total consideration of USD 470 million.
2010 grants to Danone’s corporate officers
At its meeting of July 26, 2010, the Board of Directors of Danone decided, upon proposal of the Nomination and Compensation Committee, to grant Group Performance Shares (“GPS”) and Group Performance Units (“GPUs”) to Danone corporate officers.
First Half Year Results 2010
- Danone continues to deliver strong volume and sales growth
- FY sales outlook increased to at least +6%; margin and FCF outlook reconfirmed
- Sales increased 6.9% in Q2 and 7.0% in H1 10
- Volume growth of 8.9% in Q2 and 9.8% in H1 10
- Trading operating margin, at 15.30%, in line with the margin of FY 09
- Underlying fully-diluted EPS increased 7.7% to € 1.38 in H1 10
- FCF from operations increased 34.9% to € 858 mln in H1 10
- FY sales outlook increased to at least +6%, margin and FCF outlook reconfirmed
Danone and Unimilk join complementary strengths to found a high-profile dairy leader in Russia and the CIS
Danone and Unimilk today announced the signature of an agreement to merge Danone’s Fresh Dairy Product businesses in the CIS area with those of Russian company Unimilk.
First Quarter Sales 2010
- Strong start to the year with 7% sales growth in first quarter 2010
- Full-year targets 2010 confirmed
- Total sales increased by 7.0%, driven by all divisions and all regions
- Total volume growth of 10.8%
- Dairy sales increased 7.6% driven by 12.5% volume growth
- Waters sales increased for the third consecutive quarter, by 2.3%
- Baby and Medical Nutrition continued strong growth track at 8.5% and 9.3% resp.
Danone and Chiquita start joint-venture to market fruit-based drinks
Danone announced today that it will start a joint-venture with Chiquita Brands International, Inc. to market fruit-based drinks, based on Chiquita’s Just Fruit in a Bottle® platform, in Europe. The joint venture will provide Danone with a platform to explore and develop fruit-based products, adding to its existing portfolio of healthy fresh dairy products and extending its potential for growth in Europe.
Full Year Results 2009
Q4 delivering strong sales growth momentum going into 2010 :
- Danone sales increased 5.5% in Q4 and 3.2% in FY 09
- Volume growth of 8.9% in Q4 and 5.2% in FY 09
- Trading operating margin improved 61 bps to 15.31% in FY 09
- Underlying fully-diluted EPS increased 10.2% (excl. the impact of the rights issue) to € 2.57 in FY 09
- Free cash flow from operations increased 20.6% to € 1,427 mln
- Proposal to pay a dividend of € 1.20 per share
- Full-year targets aligned with MT outlook and stable EBIT margin expected vs 2009
Danone to acquire 100% of Danone Clover joint-venture in South Africa
Danone and Clover SA are pleased to announce that Clover SA has agreed to sell its 45% shareholding in the joint-venture Danone Clover to Danone, for an amount of Rand 1,085 mln (close to € 100 mln) in cash. Post completion of this transaction, which is subject to official approvals, Danone will hold 100% of Danone Clover, the market leader in fermented fresh dairy products & desserts in South Africa.
In addition to the change in the shareholder structure, the agreement redefines the collaboration between the two companies through the services Clover SA will continue to provide in the coming years, notably in the fields of raw milk supply and distribution.
Danone Clover was created in 1998 by Danone, the worldwide leader in Fresh Dairy Products, and Clover SA, the leading player in the South African market of dairy products. Through the joint-venture, the two companies jointly re-invented the market and innovated over the last 12 years, driving a five-fold increase in the yoghurt consumption.
In 2009, Danone Clover holds a 44% value market share through the Nutriday, Activia, Ultramel and Inkomazi brands. The company operates two production sites in Eastern Johannesburg.
Danone announces the successful completion of the public Tender Offer launched on some of its bonds
Danone, today, announced it will repurchase an aggregate principal amount of € 1,174,700,000, pursuant to the public Tender Offer launched on some of its bonds. With this transaction, Danone will reduce its gross debt, optimise its debt structure and lower its average cost of debt from 2010 onwards.
Danone reconfirms its objectives for 2009 and announces objectives for the medium-term
Danone hosted an Investor Seminar in Amsterdam, the Netherlands, on November 17th and 18th 2009. These two days focused, among others, on the Company’s corporate mission and strategy, as well as on the long-term business growth drivers of its divisions.
Danone to adapt its financial structure through the launch of a public tender cash offer for some of its bonds
Danone, today, announced the launch of a public Tender Offer to purchase some of its bonds. The proposed transaction will enable Danone to reduce its gross debt, optimise its debt structure and lower its average cost of debt from 2010 onwards.
Third Quarter and Nine Month Sales 2009
- Acceleration of volume and sales growth in the third quarter 2009
- Full-year targets 2009 confirmed
- Sales increased 4.1% in Q3 and 2.4% in 9M 09
- Volume growth accelerated to 7.1% in Q3 resulting in 3.9% for the first 9 months
- Dairy sales growth acceleration driven by 7.0% volume growth in Q3
- Strong sales growth rebound (+4.6%) in Waters in Q3
- Baby Nutrition sales grew 6.5% in Q3 on the back of solid volume growth of 3.7%
- Medical Nutrition delivered broad-based double-digit growth of 12.2% in Q3
Danone and Wahaha Group reach an amicable settlement
Danone and Wahaha Group are pleased to announce that they have reached an amicable settlement today, subject to the approval of the Chinese Authorities. The settlement has been the outcome of renewed efforts of both parties to put a final end to their dispute through productive negotiations that have taken place in a spirit of mutual respect and with the support of both the Chinese and French governments.
Danone denies today's market speculation regarding Mead Johnson in the media
In response to current speculation in the media, Danone would like to state the following: No discussions are currently taking place between Danone and Mead Johnson, nor has Danone hired any advisor or bank to advise the company on this topic.
The Dannon Company settles the class action filed in January 2008
The Dannon Company, Inc. today announced the settlement of a class action lawsuit filed in January 2008 regarding advertising for its Activia and DanActive products. Under the settlement, Dannon will make certain changes and enhancements to the labeling and marketing of Activia and DanActive to, among other things, increase the visibility of the scientific names of the unique strains of probiotics that are in each of these products. This information continues to be available on the products’ websites, along with the scientific substantiation for the health benefit claims. Dannon also agreed to create a fund of up to $35 million to reimburse qualified consumers for the cost of buying the products.
First Half Year Results 2009
Danone continues upward trend in volumes and sales growth and delivers strong margin improvement:
- Sales increased 2.2% in Q2 and 1.6% in H1 09
- Volume growth of 3.6% in Q2 and 2.4% in H1 09
- Trading operating margin improved 98 bps to 16.03% in H1 09
- Underlying fully-diluted EPS increased 6.7% to € 1.50 in H1 09
- Free Cash Flow from operations amounted to € 636 mln, or 8.5% of sales in H1 09
- Full-year targets reconfirmed
Executive Committee: Jordi Constans and Felix Martin promoted Co-Executive Vice Presidents of the Fresh Dairy Products division
To date, Jordi Constans and Felix Martin were – as members of the Executive Committee - Executive Vice President Fresh Dairy Western Europe and Executive Vice President Fresh Dairy Eastern Europe, Asia, Africa and the Middle East, respectively.
Danone successfully completes € 3 bn rights issue - Offering oversubscribed by 182%
Danone announces today that it has successfully completed its € 3 bn rights issue of which the subscription period ended on Friday June 12th, 2009. The total demand for the offering amounted to approximately € 5.5 bn, reflecting an oversubscription rate of 182%. 121.0 mln new shares were subscribed based on irrevocable rights, representing 98.2% of the newly issued shares. Demand for excess shares by rights holders amounted to 102.8 million new shares, of which only 2.2 million new shares could be allocated.
Danone launches a € 3 bn capital increase through a rights issue
Danone, today, announces the launch of a € 3.048 bn capital increase via an offering of preferential subscription rights to existing shareholders. The proceeds of the Rights Issue will be used principally for the reduction of Danone’s net financial debt thereby enabling Danone:
- to strengthen its capital structure, reduce its financial leverage and improve its credit metrics;
- to increase its financial and strategic flexibility, with a view to support its organic growth model and finance potential add-on acquisitions.
Danone plans to strengthen R&D in The Netherlands: New innovation centre to open in Utrecht Science Park in 2012
On May 18th, Danone intends to make a significant investment to strengthen its Research and Development presence and expertise in Specialised Nutrition (Baby Nutrition and Medical Nutrition) in The Netherlands. It plans to integrate its Dutch-based R&D activities in a new innovation centre in Utrecht. The opening of the new centre is planned for 2012.
Danone Dividend 2008
The Annual General Meeting of Shareholders of Danone, held today in Paris, has approved the proposed dividend, related to fiscal year 2008, of € 1.20 per share and has decided to offer each shareholder the possibility to receive the dividend in cash or in new shares of the Company.
Annual General Meeting 2009
The Annual General Meeting of Shareholders (AGM) of Danone, which was held today in Paris, has approved to pay a dividend, related to fiscal year 2008, of € 1.20 per share and to offer Danone shareholders the option to receive the dividend in ordinary shares or in cash.
First Quarter Sales 2009
- Continued positive like-for-like volume and sales growth in first quarter 2009
- Full-year targets 2009 reconfirmed
- Total sales up 1.0% despite challenging market conditions and difficult comparables
- Total volume growth of 1.1%
- Dairy sales down 1.2% underlying country performance mixed
- Waters sales down 3.9%, reflecting continued challenging conditions in W-Europe
- Baby and Medical Nutrition sustain double-digit growth track at 10.5% and 10.8% resp.
- Full-year targets 2009 reconfirmed
Full Year Results 2008
- FY 08: 8.4% like-for-like sales growth, margins improved by +53 bps
- Danone sales increased by 6.0% in Q4 and 8.4% in FY 08
- Trading operating margin improved 53 bps to 14.91% in FY 08
- Underlying fully-diluted EPS increased 15.1% to € 2.74 in FY 08
- Free cash flow amounted to € 1,183 mln in FY 08
- Proposal to pay a dividend of € 1.20 per share
- EPS objective 2009: +10% like for like
Danone successfully completes the sale of Frucor to Suntory
Danone Asia Pte Ltd, a subsidiary of Groupe Danone, has successfully completed the sale of its drinks subsidiary Frucor, based in New Zealand and Australia, to Suntory Limited, for an amount of over € 600 million in cash.
Danone successfully launches a € 1 bn bond issue
Danone announces that it has successfully launched a euro bond issue of € 1 bn with a maturity of 5 years and 2 months on Tuesday 25 November 2008. The proceeds of this transaction will allow Danone to extend its debt maturity profile and to diversify its sources of finance.
Danone reiterates its sound and continuously improving financial position
Danone reiterates that the company remains solidly on track to achieve the debt reduction and credit metrics improvements within the time frame that was agreed upon with Credit Rating Agent Moody’s in November 2007.
Investor seminar on November 5th and 6th in Paris
Danone is hosting an Investor Seminar in Paris and at its Research Center on November 5th and 6th 2008. These two days are focused on the company's corporate mission and strategy, its business growth drivers and the successful integration of Numico.
Dutch Court confirms squeeze-out of Numico shareholders at initial offer price of € 55 per share
Following the successful public offer by Groupe Danone S.A. (“Danone”’) for all issued and outstanding shares of Koninklijke Numico N.V. (“Numico”), Danone initiated squeeze-out proceedings at the Enterprise Chamber of the Amsterdam Court of Appeals.
Danone, the Ramsar Convention on Wetlands and the International Union for the Conservation of Nature: a breakthrough program to restore biodiversity and fight global warming
Changwon, Republic of Korea, October 29, 2008 – During the 10th meeting of the Ramsar Convention on Wetlands’ Conference of Contracting Parties, presently under way in the Republic of Korea, an original and ambitious partnership agreement aimed at fighting global warming has been entered into by the Ramsar Convention, the International Union for the Conservation of Nature (IUCN) and the Danone Group.
Third Quarter and Nine Month Sales 2008
- 9.2% like-for-like sales growth in first nine months
- Full-year targets 2008 reconfirmed
- Danone sales increased 8.3% in Q3 08
- Dairy delivered solid sales growth of 8.2% in Q3 08; volume trends are improving
- Waters’ sales growth of 3.7% in Q3 08, reflecting challenging conditions in W-Europe
- Baby Nutrition sustains above-category growth at 12.7% in Q3 08
- Medical Nutrition continues double-digit sales growth track record at 11.7% in Q3 08
- Full-year targets 2008 reconfirmed
Numico and Danone have appealed decisions by the Dutch Authority for Financial Markets
The Dutch Authority for Financial Markets (“AFM”, Autoriteit Financiële Markten) decided to impose a fine on Numico and Danone for not publishing financial information in a sufficiently timely manner during the day of July 9, 2007, in the context of the takeover bid launched by Danone.
Danone tenders its minority stake in the capital of China Huiyuan Juice Group Limited to The Coca-Cola Company
Groupe Danone has entered into an agreement whereby it has undertaken to tender all of its shares held in the capital of China Huiyuan Juice Group Limited, which is listed on the Hong Kong Stock Exchange, to the pre-conditional takeover bid to be launched by The Coca-Cola Company through its wholly-owned subsidiary, Atlantic Industries.
Danone - Frucor
In response to current media speculations in New-Zealand regarding its subsidiary Frucor based in New-Zealand and Australia, Groupe Danone has made the following statement. Over the last six years, Frucor has played an instrumental role in the development of Danone’s strategy for beverages. In light of the Group’s recent refocus on purity and naturality within its Waters division, Danone is conducting a thorough review of all potential long-term strategic options for Frucor to ensure ongoing value creation for all its stakeholders.
First Half Results 2008
- 9.6% like-for-like sales growth, margins improved by +35 bps
- FY 08 sales and EPS target reconfirmed, margin target increased to +40 to +50 bps
- Danone sales increased by 8.0% in Q2 and 9.6% in H1 08
- Trading operating margin improved 35 bps to 15.3% in H1 08
- Underlying fully-diluted EPS increases 16.6% to € 1.47 in H1 08
- Free cash flow amounts to € 550 million in H1 08
- FY 08 sales and EPS targets reconfirmed
- Full year 08 EBIT margin target raised to improve in the range of +40 bps to +50 bps
Groupe Danone signs agreements to divest certain infant nutrition activities to fulfil European Commission requirements
As a condition for the approval of the acquisition of Numico, the European Commission required Groupe Danone to divest certain activities in France, Belgium and the Netherlands. This includes the baby milk and baby drink business of Numico in France, the export business of Bledina in Belgium and the Netherlands and the growing up milk brand “123” commercialized by Danone Belgium.
Groupe Danone successfully launches a € 1.75 bn bond issue
Groupe Danone announces that it has successfully issued a Euro bond on Tuesday 22 April 2008. This transaction has enabled Danone to refinance amounts due under the outstanding bridge loan facility set up in July 2007 to finance the acquisition of Numico and therefore to extend its debts maturity and diversify its sources of finance.
First Quarter Sales 2008
- Like-for-like sales growth of +11.4%
- Fully on track to meet full year targets
- Continued double-digit growth in Dairy at +10.5%
- Solid growth of +7.0% in Waters confirming healthy underlying trends
- Baby Nutrition continues its historical strong growth track record at +18.8%
- Superior growth sustained in Medical Nutrition at +14.6%
Muriel Pénicaud is appointed Executive Vice President, Human Resources for Groupe Danone replacing Franck Mougin
Muriel Pénicaud will join Groupe Danone as Vice President, Human Resources on the 3rd March 2008. She will become part of the Executive Committee and will report directly to Emmanuel Faber, Co-Chief Operating Officer of Groupe Danone. In this position she will have the responsibility of pursuing and developing the social innovation approach engaged by Groupe Danone.
Resignation of Antoine Giscard d’Estaing and appointment of Pierre-André Terisse as CFO
Antoine Giscard d'Estaing, Executive Vice President for Finance, Strategy and Information Systems informed the Board of directors of his decision to leave Groupe Danone to pursue other professional opportunities. The Board thanked him warmly for his contribution to Danone’s development over the last years and especially the successful disposal of biscuits activities and the acquisition of Royal Numico.
2007 Final Results
Excellent 2007 results in-line with ambitious targets Growth outlook significantly enhanced for coming years:
- Excellent operational performance of the Group’s three business lines in 2007: like-for-like sales up +7.2% and operating margin at 14%
- Published IFRS results above initial targets: like-for-like sales growth up +9.7%, trading operating margin up +45 basis points on a like-for-like basis, net income attributable to the parent : € 4,180 million
- Growth targets strengthened as of 2008 : like-for-like sales growth between +8% et +10%, like-for-like trading operating profit growth superior to salesgrowth
- Proposed dividend increased by 10% to €1.1 per share
Weight Watchers and Groupe Danone establish weight management joint venture for China
Weight Watchers International, Inc. (NYSE: WTW) and Groupe Danone (Euronext Paris: BN) today announced the signing of a joint venture agreement to establish a weight management business in the People’s Republic of China based on the successful Weight Watchers approach to weight loss. The joint venture, 51% owned by Weight Watchers International and 49% owned by Groupe Danone, combines Weight Watchers International’s unrivalled expertise, experience and know-how as the world’s leading provider of weight management services with Groupe Danone’s world-class expertise in healthy consumer products and extensive knowledge of the China marketplace and the Chinese consumer.
Groupe Danone categorically refutes allegations made against its US subsidiary regarding misleading claims.
In response to the class-action lawsuit announced on January 23rd, 2008 in the State of California, Groupe Danone relays the following statement issued by its subsidiary, The Dannon Company.
Joint Statement between Hangzhou Wahaha Group and Groupe Danone
Complying with the expectation of both Chinese and French governments, both Wahaha Group and Groupe Danone agree to finish antagonism and return back to peace talks. Both parties agree to temporarily suspend all lawsuits and arbitrations, stop all aggressive and hostile statements and create a friendly environment for peace talks.
Groupe Danone exits Joint Venture with Mengniu in China
Groupe Danone signed a series of joint venture contracts with Mengniu Dairy Group in December 2006. Some cooperation as outlined in these contracts has currently begun. However, since some conditions for this cooperation are not sufficiently advanced, and since the prerequisites for further investments have not been met within the agreed timeframe, both parties agreed the joint venture will automatically be terminated on December 18th, 2007.
Groupe Danone completes the sale of its biscuit and cereal products division to Kraft Foods
On July 3rd 2007, Groupe Danone announced being in exclusive discussions with Kraft Foods over the sale of its biscuits and cereal products business. On October 29th 2007, Groupe Danone and Kraft Foods announced they took a major step forward with the signature today of the agreements between the two parties. Groupe Danone announces today that the sale of its biscuit and cereal products division to Kraft Foods has been completed at the anticipated scope and price. The proceed of this transaction has been applied to reducing the debt of the Group.
Danone controls 98.4% of the ordinary shares in Numico
With reference to the joint press releases dated 20 August and 31 October 2007, Danone and Numico jointly announce the result of the post-acceptance period, which ended at 15:00 hours CET on 23 November 2007, for the recommended public offer (the "Offer") for all the issued and outstanding ordinary shares in the share capital of Numico, with a nominal value of € 0.25 each (the "Shares", holders of such Shares being referred to as "Shareholders").
- Danone declares its recommended cash offer for all Shares in Numico unconditional
- 60.95% of Shares tendered under the Offer Danone expects to hold at least 90.47% of total outstanding share capital of Numico upon Settlement
- The European Commission approved the acquisition of Numico on 31 October 2007
- Remaining Shares can be tendered in a post-acceptance period starting 5 November 2007 and ending 23 November 2007
Proposed new composition Numico's Supervisory Board
Royal Numico N.V. ("Numico") and Groupe Danone S.A. ("Danone") jointly announce the proposed new composition of Numico's Supervisory Board in the event that Danone declares its public offer for all the ordinary shares in the share capital of Numico unconditional.
Groupe Danone signs agreements with Kraft Foods for disposal of biscuit and cereal products division
Discussions announced July 3, 2007 with a view to the disposal of Groupe Danone’s biscuits and cereal products division to Kraft Foods took a major step forward with the signature today of the agreements between the two parties.
Like-for-like sales growth in first 9 months of +7% - Confirmation of full-year targets
- Q3 like-for-like sales growth of +3.9%
- Continued strong Q3 growth in Fresh Dairy: +11.9%
- Biscuits Q3 growth of +6.6% confirms strength of the business
- Beverage Q3 sales impacted by poor weather and decline in China: -11.7%
- Objective for 2007 organic sales growth confirmed between +6% and +8%
- Objective for 2007 operating margin progression confirmed: at least +20bp
Proposed new composition Executive Board Numico
Groupe Danone S.A. (“Danone”) announces the proposed new composition of the Executive Board of Royal Numico N.V. (“Numico”) in the event that Danone declares its public offer for all the ordinary shares in the share capital of Numico unconditional.
Good progress on the preparation for the public offer for Numico
Danone and Numico are making good progress with the preparations for the recommended public Offer. The intended offer price is € 55.00 in cash per ordinary share. The Supervisory Board and the Executive Board of Numico unanimously support the Offer. No dividends are expected to be declared prior to completion of the Offer.
Recommended cash offer of € 55.00 per share of Numico offer memorandum available
With reference to the joint press releases dated 9 July 2007 and 8 August 2007, Danone and Numico jointly announce that Danone is making a recommended public offer (the "Offer") for all the ordinary shares in the share capital of Numico, with a nominal value of € 0.25 each, issued and outstanding on the Settlement Date (the "Shares", holders of such Shares being referred to as "Shareholders").
Groupe Danone reshapes its management structure
Over recent weeks, Groupe Danone's announcement of the beginning of processes for the sale of its Biscuit business line followed by that of its acquisition project of Royal Numico marked the start of a major strategic shift. Focusing exclusively on businesses closely associated with health and combining global presence with vigorous growth, the “New Danone” means new ambitions and new opportunities for expansion.
Notification of availability of the half-year financial report of Groupe Danone for the semester ended June 30, 2007
On this day, Groupe Danone announces that its half-year financial report for the period ended June, 30, 2007 is available to the public on line at: www.finance.danone.com (regulated information).
Groupe Danone S.A. intends to make a cash offer of € 55.00 per ordinary share for Royal Numico N.V.
Groupe Danone S.A. (“Danone”) and Royal Numico N.V. ("Numico" or the "Company") jointly announce that the expectation is justified that agreement can be reached in connection with a public offer by Danone for all outstanding ordinary shares of Numico at an offer price of € 55.00 in cash (the "Offer Price") per ordinary share (the "Offer"). The Supervisory Board and Executive Board (the “Boards”) of Numico will unanimously recommend that Numico shareholders accept the Offer.
Groupe Danone cancels 10,000,000 treasury shares
On 3 July 2007, the Board of Directors of Groupe Danone decided to cancel 10 million treasury shares. This cancellation, which was authorised by the General Meeting of Shareholders held on 26 April 2007, will be effective on 9 July 2007.
Groupe Danone In Exclusive Discussions With Kraft Foods Over the Sale of its Biscuits and Cereal Products Business
On July 3, 2007, Groupe Danone’s Board of Directors decided to consider on an exclusive basis the offer made by Kraft Foods Inc. on July 2 to purchase DANONE’s Biscuits and Cereal Products business.
Groupe Danone filing to delist its ADSs and expects to file shortly to deregister under the U.S. securities laws
As previously announced on April 26, Groupe Danone is filing today with the U.S. Securities and Exchange Commission (SEC) a Form 25 requesting the delisting of its American Depositary Shares from the New York Stock Exchange. Delisting is expected to take effect as of the open of trading on July 5, 2007.
Media Statement: Groupe Danone would like to make the following statements regarding the current developments regarding Wahaha dispute
Last week has seen a number of important developments in our efforts to put to an end the unauthorized competing non-JVs activities organized by our partner Mr. Zong.
Media Statement: Danone Files Law Suit Against Illegal Competition
On June 4th 2007, Groupe Danone filed a Complaint in the Superior Court of the State of California for the County of Los Angeles, USA, against Ever Maple Trading Ltd, a British Virgin Islands International Business Company, Hangzhou Hongsheng Beverage Co Ltd, and two individuals (US citizen or US green card holder) related to these companies.
Groupe Danone strengthens presence in Chile with the acquisition of 70% of the fresh dairy business of Vialat
Groupe Danone announces today the signature of an agreement with Vialat to acquire 70% of its fresh dairy activity in Chile. Vialat, owned by the Bethia Group, will retain 30% of the business.
Groupe Danone and Yakult Honsha Co.Ltd reinforce their strategic and scientific cooperation
Following the signature in March 2004 of an agreement establishing a strategic alliance between Groupe Danone and Yakult Honsha Co. Ltd., the two world leaders in probiotics have developed a fruitful relationship marked by a wide variety of common projects. These include the establishment of joint ventures in India and Vietnam, the deployment of exchange programs in research, the foundation of the Global Probiotic Council, and a joint organization of scientific symposia.
Danone Announcement on the Wahaha Dispute
On April 9th, as the majority shareholder of Wahaha joint ventures, Danone sent a formal letter to the Chairman of the Wahaha joint ventures, requesting him to take legal actions against Hangzhou Wahaha Food and Beverage Marketing Co. Ltd, who illegally sells the products which are the same of Joint Venture’s products under Wahaha trademark without proper authorization. This is our first step of legal actions, and we set a time frame of 30 days to solve the dispute.
Groupe Danone intends to delist its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE) and to deregister under the US Securities Exchange Act of 1934
Groupe Danone announces its intention to apply for the voluntary delisting of its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE) and voluntary deregistration under the US Securities Exchange Act of 1934. It is expected that the relevant applications will be filed so as to give effect to these actions, following the new deregistration rules issued by the Securities and Exchange Commission. The delisting should occur in July 2007.
First quarter 2007: Excellent like-for-like sales growth: +10.1%
In the first quarter of 2007, Groupe Danone reported consolidated sales of EUR 3,673 million compared to EUR 3,534 million in the first quarter of 2006, an increase of +3.9% on a historical basis.
At constant scope of consolidation and exchange rates, Groupe Danone sales increased by +10.1%.
Changes in exchange rates had a negative impact of -3.9% while the scope ofconsolidation negatively impacted sales by -2.3%.
Groupe Danone confirms being in negotiations with its Chinese partner in beverages, Mr. Zong
Further to recent articles that have appeared in the Chinese press, Groupe Danone confirms that it is in discussions with Mr. Zong, its partner in the Danone Wahaha joint ventures.
Groupe Danone supports Huiyuan IPO with further investment
Groupe Danone (“Danone”) announced today that it further supports Huiyuan by participating in the China Huiyuan Juice Group Limited Initial PublicOffering (“IPO”) on the Hong Kong Stock Exchange. Danone will subscribe for additional shares, bringing its stake in China Huiyuan Juice Group Limited's issued share capital to 24.32%.
Groupe Danone buys out its partners in Japanese joint venture Calpis Ajinomoto Danone
Groupe Danone today announced the acquisition of all shares in the Japanese joint venture Calpis Ajinomoto Danone (CAD). The transaction reflects Groupe DANONE’s commitment to accelerate strategic growth objectives in the Asian dairy market.
Groupe Danone enters the Thailand's fresh dairy market and partners with Dutch Mill Co.
Groupe Danone is announcing the creation of a business producing fresh dairy products in Thailand, Danone Dairy Thailand, and a strategic partnership with Dutch Mill Co. The objective is to offer innovative products with high value-added to a high-growth market.
Groupe Danone will be asking shareholders to create a business development fund in support of social causes and is to set up a specialized Social Responsibility Committee within its Board of Directors
It is now more than 30 years since Danone first spelled out its dual commitment to business success and social responsibility, reflecting the belief that economic and social progress are inseparably linked. This conviction has continued to structure the development and organization of the business, inspiring innovative and often pioneering projects in the fields of social responsibility and human relations. Groupe Danone now wishes to take another important step in this direction with an innovative social responsibility initiative on a worldwide scale. Today, hundreds of millions of people suffer from various forms of malnutrition, while the impact of rising populations and economic growth make us increasingly aware of the fragility of natural resources. In response to such challenges, Danone intends to put its resources and capacity for innovation to work to favor the emergence of solutions that are viable over time in areas such as malnutrition and the preservation of natural resources where it can make a significant contribution.
Groupe Danone cancels 2,600,000 treasury shares
On 15 December 2006, the Board of Directors of Groupe Danone decided to cancel 2.6 million treasury shares. This cancellation, which was authorised by the General Meeting of Shareholders held on 22 April 2005, will be effective on 18 December 2006.
Groupe Danone increases its mid-term like-for-like annual growth objective to between +6% and +8%
In the occasion of its annual Investor's Seminar held in New York on November 28th & 29th, Groupe Danone's Management presented its business' solid track record of profitable growth. Focusing the discussion on the unique health positioning of its portfolio and the strong prospects of its Dairy Division, Groupe Danone emphasized its development potential.
Franck Riboud, Zinédine Zidane and Muhammad Yunus in Dhaka, Bangladesh, to launch the first easily affordable dairy product of Grameen Danone Foods
On November 7th and 8th, 2006, Franck Riboud, Zinédine Zidane and Muhammad Yunus will together officialise the start of Grameen Danone Foods. Grameen Danone Foods is a unique initiative to bring daily healthy nutrition to low income, nutritionally deprived populations in Bangladesh and alleviate poverty through the implementation of a unique proximity business model.
Groupe Danone: Strong growth in like-for-like sales in the 3rd quarter: +9.5% (+9.1% for the first 9 months)
Groupe Danone achieved +9.5% like-for-like sales growth in the third-quarter. This takes the like-for-like sales growth to +9.1% for the first 9 months of 2006.
- Objective for organic sales growth above +8% for 2006
- Objective for underlying earnings per share above +15% for 2006
Danone invests in a major player of the Danish bottled water market
Groupe Danone today announces that it has acquired 49% of the Danish bottled water company Aqua d'or. This operation reflects Groupe Danone's strategy of developing positions in the Scandinavian water market.
2006 first-half results
- Excellent like-for-like sales growth in 2nd-quarter 2006: +8.9%
- Best ever half for sales growth at +9%
- Trading operating margin increased +30 basis points on a like-for-like basis
- Very strong increase in underlying EPS: +25% (fully diluted from continuing activities)
- Like-for-like sales growth objective for 2006 raised: +7% to +8%
- Trading operating margin progression objective confirmed (+20 to +40 basis points on a like-for-like basis)
Groupe Danone announces the incorporation of Stonyfield Europe Stonyfield Europe acquires an interest in Ireland's Glenisk
Groupe Danone announces the creation of Stonyfield Europe, a subsidiary producing organic fresh dairy products, in which it holds an 80% equity interest. The remaining 20% is owned by Stonyfield Farm of the US. This new company will be headed by Gary Hirshberg, Chairman and CEO of Stonyfield Farm, and will operate as an independent entity within Groupe Danone's Fresh Dairy Products business line.
707,774 shares held by Groupe Danone, previously allocated to cover bonds convertible or exchangeable into shares which were redeemed in January 2006,have been reallocated to cover a portion of the share purchase options granted at the meeting of the board of directors of Groupe Danone held today.
First quarter 2006: a solid like-for-like sales growth: +9%
In the first quarter of 2006, Groupe Danone reported consolidated sales of EUR 3,534 million compared to EUR 3,075 million in the first quarter of 2005, an increase of +14.9% on a historical basis.
At constant scope of consolidation and exchange rates, Groupe Danone sales increased by +9%.
Changes in exchange rates had a positive impact of +5% while the scope of consolidation positively impacted sales by +0.9%.
2005 Final Results
- Full year like-for-like sales up +6.7%
- Increase in trading operating margin from 13.10% to 13.35%
- Underlying EPS (fully diluted) from continuing activities up +15.9%
- Proposed dividend of €1.7 per share• Like-for-like sales growth and margin progression objectives reaffirmed for 2006
Groupe Danone opens Shanghai research center for fresh dairy products
Franck Riboud, Groupe Danone's Chairman and CEO, today inaugurated the new Shanghai research center for fresh dairy products in Asia. The center's mission is to conceive and develop products that meet local nutrition and health needs and are suited to the tastes of Asian consumers, particularly in China, India and Indonesia. This will allow the deployment of Groupe Danone's top brands and product concepts on Asian markets in a form adapted to local requirements in terms of ingredients, texture and other organoleptic properties.
Groupe Danone strengthens its worldwide social agreements with the IUF with the inclusion of Fundamental Social Principles (FSP)
In light of the Group's increasingly international scope and growing presence in emerging countries, Groupe DANONE and the IUF have decided to revise the content of all six agreements between them, with the aim of applying them across the world. They have also decided to incorporate the seven Fundamental Social Principles, drawn from the recommendations issued by the International Labour Organisation (ILO), and which will serve as a platform for these and any future agreements.
Groupe Danone strengthens positions in North Africa and the Middle East by entering fresh dairy product market in Egypt and biscuit market in Algeria.
Groupe Danone is strengthening its positions in North Africa and the Middle East through the acquisition of a fresh dairy-product business in Egypt and the signature of a partnership agreement in Tunisia for the development of biscuit business in Algeria.
Groupe Danone, partner of the 18th International Congress of Nutrition in Durban (South Africa)
Since nutrition and health are at the heart of its business, it is only natural that Groupe Danone should attend the 18th International Congress of Nutrition, which is being held from 19th - 24th September 2005 in Durban, South Africa. This event, which takes place every four years, is a unique opportunity for scientificexperts from across the world to come together to discuss the latest advances in the field of nutrition.
Groupe Danone confirms its 2005 1st Half results
Following the review of its accounts by the auditors, Groupe Danone confirms its preliminary 2005 1st Half Results, released on July 21st:
- Sales increased by +6.5% on a like-for-like basis
- Trading operating margin increased by +21 basis points to 13.3%
- Underlying EPS (fully diluted) from continuing activities grew by +9.3%
- Net income attributable to the parent decreased to €346 million, including a non-current net income of €179 million, mainly related to a provision ofapproximately €200 million (net of tax) on the Group’s participation in the HOD business in the US
Preliminary 2005 first-half results
- Acceleration of like-for-like sales growth in 2nd-quarter 2005: +7.6%
- Like-for-like sales growth in 1st half: +6.5%
- Trading operating margin increased +21 basis points to 13.3%
- Underlying EPS (fully diluted) from continuing activities grew +9.3%
Two new appointments to Groupe Danone Executive Committee
To ensure that all Group functions are represented on the Executive Committee, two new members have been added with effect from July 1, 2005. These new members are Philippe-Loïc Jacob, Secretary General of Groupe Danone, and Sven Thormahlen, Vice-President R&D.
Groupe Danone and Yakult Honsha set up joint venture in India
Groupe Danone and Japan’s Yakult Honsha Co. have announced plans for a joint venture in India. Held equally by the two partners, the new company, to be called Yakult Danone India Private Limited, will be developing the Indian market for probiotics.
Danone and The Coca-Cola Company reach agreement on the distribution of Danone retail bottled water products in the United States.
Groupe Danone announced today that it and The Coca-Cola Company have agreed to amend their existing agreements regarding the distribution of retail bottled water products in North America.
Danone Solidarity for Asia, Groupe Danone employees rally to the cause: over 420,000 euros donated for victims of the Asian tsunami
Following the disaster that hit South-East Asia in December, Groupe Danone employees across the world have made their own personal contribution to efforts to aid the stricken countries. As part of the Danone Solidarity for Asia initiative, a partnership has been set up with the International Red Cross to meet the priority needs of humanitarian organisations, collecting funds that will be immediately converted into suitable material aid for each situation.
2004 Final Results
Record-breaking organic sales growth.
- Like-for-like sales growth of +7.8%
- Increase in operating margin from 12.2% to 12.4%
- Fully diluted EPS growth (excluding exceptional one-time items) of +11.2%
- Proposed dividend increase of +10.2%
- Confirmation of sales growth and margin improvement targets
Two new Directors join Groupe Danone Board
Meeting on February 10, 2005, the Board of Directors of Groupe Danone co-opted Mr. Jean Laurent to the position of independent Director and decided to put a proposal to the next General Meeting of Shareholders for the appointment of Mr. Bernard Hours as a Director.
Groupe Danone announces a one-time charge of approximately 600 million euros on its US and European HOD partnerships
Following a meeting of its Audit Committee, Groupe Danone announced today that it would incur a charge of approximately 450 million euros in its 2004 consolidated accounts in relation to its holding in DS Waters, LLP, the US Home and Office Delivery bottled water activities (HOD) joint venture that it formed with Suntory Limited in late 2003. This one-time charge consists of an impairment of its holding in DS Waters and a provision for its related commitment to Suntory.
Groupe Danone has just finalized the sale of its biscuit operations in the Republic of Ireland (W&R Jacob Ltd) to Fruitfield Foods Ltd
W&R Jacob Ltd leads the Irish biscuit market with sales of around EUR 70 million and a portfolio of brands including Kimberley, Mikado and Jacob’s Fig Rolls.
General secretary of Groupe Danone
Jean-René Buisson, General Secretary and a member of the Executive Committee, is leaving Groupe Danone on June 30, 2004. He was elected President of ANIA, France's National Association of Food Industries, on June 23. Franck Riboud, Chairman and Chief Executive Officer of Groupe Danone, comments: "Jean-René Buisson has played a key role in the development and transformation of our business. Over the past 29 years, he has put all his considerable talent and energy to work with unfailing dedication and loyalty to make an essential contribution in each of his functions. We all owe him a debt of gratitude."
Groupe Danone several times awarded for its corporate governance
During the Company Management Awards, Groupe Danone received the "Board Independence", the "Quality and transparency of information and communication", and "SFAF* Special" (French Society of Financial Analysts) awards as well as the "Judges' Grand Prize" which honours the best practices from all sectors.
Danone World Cup, the 5th edition under the banner of proximity
A worldwide football contest for all Group Danone's employees, men and women alike, the Danone World Cup (DWC) is open to all talents, from beginners to experienced sportspeople. It is their opportunity to take part in a sporting adventure in a spirit of fair play, enthusiasm and fun. With this internal and international sporting event, Groupe Danone affirms its ambition to remain a worldwide proximity group.
Thomas Kunz will be appointed Executive Vice President of the Water Worldwide Business Unit
As from July 1st, 2004, Thomas Kunz will be appointed Executive Vice President of the Water Worldwide Business Unit. He will be a member of the Executive Committee of Groupe Danone.
Groupe Danone's announcement
In a mutual agreement with the Group, Pierre Cohade Executive Vice President, Beverages, left Groupe Danone on April 13th, 2004.
His successor will be nominated from the Groupe's General Managers in the next few weeks.
Groupe Danone and Yakult Honsha enter into a strategic alliance
Groupe Danone and Yakult Honsha Co., Ltd, have entered into an agreement to form a strategic alliance with the ambition to strengthen their global leadership in probiotics and to further accelerate the growth of both companies in the functional food and beverage market.
Groupe Danone invites students to take the helm
From 6th March, Groupe Danone is inviting more than 500 students from six countries to take part in a business challenge that has been baptised Trust. The aim of the game is to demonstrate how issues of social and environmental responsibility must be taken into account in business management.
Groupe Danone interested by the Serbian market
Groupe Danone submitted a public offer to acquire part of the capital of Serbian company Knjaz Milos. The Serbian Securities and Exchange Commission approved the offer on Friday 27 August 2004. Other offers have also been submitted and the shareholders of the Company have until 19 September to accept one of the offers.
Danone targets lasting decline in consumer prices
In accordance with the agreement for a lasting decline in consumer prices signed by producers and major French retailers on June 17, Groupe Danone companies Blédina, Danone, Danone Eaux France and LU have made a proposal to partners in the retailing industry for the joint financing of an average 2% price cut.
Groupe Danone to cancel 1.7 million treasury stocks
On the 17th of December, 2003, Groupe Danone's Board of Directors has decided, pursuant to the authorization granted by the Annual General Meeting held on the 11th of April, 2003, to cancel 1.7 million of treasury stocks. This cancellation will take effect on December 22nd, 2003.
Groupe Danone acquires Nestlé's dairy business in Turkey
Groupe Danone is acquiring Nestlé's dairy business in Turkey, in a move that will double its sales revenues in this country and strengthen its leading position in fresh dairy products. The deal also includes the UHT milk business of Nestlé.
Groupe Danone and the controlling shareholders of Wimm-Bill-Dann communicate to the stock exchange authorities that they have amicably terminated their discussions
Groupe Danone and the controlling shareholders of Wimm-Bill-Dann communicate to the stock exchange authorities that they have amicably terminated their discussions.
Groupe DANONE and Suntory Limited have completed the creation of the #1 HOD player in the United States
Following signing announcement on September 4, 2003, Groupe Danone and Suntory Limited have completed the creation of DS Waters Enterprises, LP, the leading HOD company in the United States.
DS Waters Enterprises includes all of the activities of Suntory Water Group and the Home and Office Delivery bottled water activities of Danone Waters of North America in the United States.
The transaction is structured as a leveraged partnership, with both partners having an equal holding in the new company, and a significant profits interest owned by senior management.
No talks with Numico
Following rumors on the matter, Groupe Danone denies having been or being currently in talks with Numico about acquiring Numico.
Group Danone 2002 Final Results
- Like-for-like sales growth of 6%
- Increase in operating margin from 11.1% to 11.7%
- Fully diluted EPS growth (excluding exceptional one-time items) of 10.9%
- Exceptional one-time items of € 455 million (after tax)
The Board of Directors of Group Danone, meeting on February 13th, approved the audited consolidated accounts for 2002.
Groupe Danone announces the acquisition of Sparkling Spring Water Holdings and consolidates its position in the 5 gallon water market ("HOD") in the United Kingdom, Canada and the USA.
Groupe Danone has entered into a definitive agreement to acquire Sparkling Spring Water Holdings, a Canadian business, which has activities in North America and Europe.
Groupe Danone enters the European water jugs (HOD) market through the acquisition of Chateaud'eau
Groupe Danone has signed an agreement with Ondeo, subsidiary of the Suez Group, pursuant to which it will acquire Chateaud'eau International, the holding company controlling all the water jugs (HOD or "home and office delivery") businesses of the Suez Group.
Groupe Danone has signed a joint venture agreement in bottled water in Japan with Kirin Beverage Corp. and Mitsubishi Corp., thus strengthening its leadership position
Groupe Danone yesterday signed a partnership agreement with Kirin Beverage Corp., one of the leaders in the Japanese beverage market and Mitsubishi Corp., with the aim of accelerating the growth of the Volvic brand in Japan and participating in the growth of the domestic segment of the market.
Groupe Danone and Suez sign a partnership agreement for worldwide industrial energy management and wastewater treatment
In order to improve its productivity and industrial performances, Groupe Danone has decided to subcontract its energy supply and utility management, as well as industrial wastewater processing for its production sites, to a privileged partner, Suez, known for its worldwide expertise in this field.
Preliminary 2002 first half results
- Like for like sales : up +4.2% (+4.9% for continuing operations)
- Increase in operating margin from 10.9% to 11.1%
- Net EPS diluted: up +11% (excl. exceptional one-time items)
- Exceptional goodwill impairment charges and other one-time items : € 1,031 million
The Coca Cola Company and Groupe Danone announce partnership agreement for bottled water spring and source water brands in the US
The Coca-Cola Company and Groupe Danone today announced a partnership for the production, marketing and distribution of Groupe Danone's retail bottled spring and source water business in the United States.
Groupe Danone acquires 10.1% of National Foods
Groupe Danone announced today that it has acquired 10.1% of the outstanding share capital of National Foods. The acquisition was made through its Singapore-based Asia-Pacific holding company, Danone Asia Pte Ltd.
Danone has acquired a shareholding in National Foods to broaden its strategic options in the Australasian dairy industry.
With Euros 580 million in sales for year 2001, National Foods is Australia's largest publicly listed dairy company. National Foods' core activities are fresh dairy foods and milk, where it has leading brands and market shares in its domestic market.
The Coca-Cola Company and Groupe Danone announce North American master distribution agreement for Evian bottled water
The Coca-Cola Company and Groupe Danone, the owner of the Evian brand and the world leader in the bottled water category, today announced a master agreement under which Coca-Cola will manage marketing execution, sales and distribution for the Evian brand in North America (U.S. and Canada). Evian distribution will continue through the Coca-Cola System, including Coca-Cola Enterprises, Coca-Cola Bottling Company United, Swire Pacific Holdings, The Philadelphia Coca-Cola Bottling Company, and The Coca-Cola Bottling Company of Northern New England, as well as other existing distributors of Evian. Financial terms of the agreement were not disclosed.
Q1 Sales 2002 Like for like sales growth + 4.4% (excluding Galbani) (+ 4.1% including Galbani)
In the first quarter of 2002, Groupe Danone reported consolidated sales of EUR 3,583 million compared to EUR 3,423 million in the first three months of 2001, representing an increase of 4.7%.
Organizational announcement: Appointments to Groupe Danone Executive Committee and Board of Directors
Groupe Danone Executive Committee: Bernard Hours is appointed Executive Vice-President, Dairy Products Worldwide, as of March 11th 2002. He has been a member of Groupe Danone Executive Committee since November 2001.
Groupe Danone EPS growth target reached for the 2nd half (+10.4%)
- Like for like sales growth +5.1%
- Solid increase in operating margin from 10.8% to 11.1%
- Net result (excluding exceptional one-time items) of € 780 million: +8.3%
- Exceptional one-time items: € 648 million (after tax)
Investment of 4% in the Russian Food Company Wimm Bill Dann - OJSC
Groupe Danone has taken a 4% shareholding for 33.2 million $ in the Russian company Wimm-Bill-Dann at its initial public offering of ADS on the New-York Stock Exchange through which the company has floated 25% of its equity.
This company, with a 2000 turnover of 465 million $ is the leader in the Russian market for dairy products and fruit juices.
Groupe Danone intends to offer EBRD a participation in this investment within the context of their partnership in Eastern Europe and Russia which was set up in 1995.
Groupe Danone Success in Frucor Takeover
Groupe Danone announced today that it has received acceptances in excess of 90% under its takeover offer for New Zealand company Frucor Beverages. The offer has , as a result, become unconditional and Groupe Danone will proceed with the compulsory acquisition of the remaining shares and the de-listing of the company.WESTERN EUROPECENTRAL & EASTERN EUROPEASIA - PACIFICFRESH DAIRY PRODUCTSBABY NUTRITIONWATERSSHARE PRICE52.32 €+0.02 %