PARIS (dpa-AFX) - French food products company Danone (DANOY.PK) on Thursday, at its Capital Market Event, will announce its mid-term strategy, and outlook for the 2025-2028 period of like-for-like net sales growth between 3 percent and 5 percent. For the period, recurring operating income is projected to grow faster than net sales.
Danone expects to deliver a structurally double-digit ROIC and progress towards its long-term ambition of 3 billion euros free-cash-flow.
Danone said it aims to consistently deliver attractive returns. The next chapter of its renew strategy will build on the fundamentals the company reestablished over the last 2 years. These include science and innovation, operational and executional discipline, and proactive portfolio management.
The company further said it will focus on health and nutrition.
Antoine de Saint-Affrique, Chief Executive Officer, said, 'The Danone of today is very different from the Danone of 2 years ago. We now have the right fundamentals in place to turn Danone into a truly science based, consumer and patient centric company, with an even stronger focus on our unique health focused mission. The food industry is at a tipping point: health, and the role food plays in health, will become more critical than ever.'
In Paris, Danone shares were trading at 56.44 euros, down 4.21 percent.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2024 AFX News
