Update from Danone on its operations in Russia


Paris, July 16, 2023

Danone has taken note of the decision of the Russian authorities aiming at placing Danone Russia under temporary external administration of the Russian authorities1. Danone is currently investigating the situation.
On October 14, 2022, Danone launched a process to transfer the control of its EDP Business in Russia, which was progressing according to the expected schedule.
Danone is preparing to take all necessary measures to protect its rights as shareholder of Danone Russia, and the continuity of the operations of the business in the interest of all stakeholders, in particular its employees.
This decision has no impact on Danone’s financial guidance for 20232.

1 Federal Agency for State Property Management (Rosimushchestvo)

2 Like-for-like sales growth between +4 and +6% with moderate recurring operating margin improvement

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