Danone (BN)

Sector:

Food Products

Index:

CAC 40

   Trade now with Barclays Stockbrokers   Trade now with Barclays   Sponsored by Barclays Stockbrokers

€  56.11
   
  • Change Today:
    € 1.33
  • 52 Week High: € 56.95
  • 52 Week Low: € 48.70
  • Currency: Euro
  • Shares Issued: 643.79m
  • Volume: 1,411,889
  • Market Cap: € 36,123m
  • Beta: 0.64

Danone's profit drops on higher commodity costs

Date: Wednesday 15 Feb 2012

LONDON (ShareCast) - French foods group Danone is looking for continued sales growth in 2012, albeit at a slower rate than in 2011, as the macro-economic environment stabilises.

Danone reported a 13.6% rise in 2011 sales to €19.32bn, although profits dropped 11% from €1.88bn to €1.67bn due to higher commodity costs.

Core sales rose 7.8%, beating the 7.2% analyst estimate. Annual underlying profit rose 4.5% to €1.75bn, roughly in line with the €1.74bn market forecast.

For this year, the yoghurt company expects comparable net sales growth of 5% to 7% and a stable operating margin. “For 2012, the group expects no significant improvement or decline in the macro-economic environment from the second half 2011,” according to Chief Financial Officer Pierre-Andre Terisse.

Danone currently trades up 1.36% to €49.66.

JM

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Danone Market Data

Currency Euro
Share Price €  56.11
Change Today €  1.33
% Change 2.43 %
52 Week High € 56.95
52 Week Low € 48.70
Volume 1,411,889
Shares Issued 643.79m
Market Cap € 36,123m
Beta 0.64

What The Brokers Say

Strong Buy 11
Buy 1
Neutral 11
Sell 1
Strong Sell 7
Total 31
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 24-Nov-2014

Time Volume / Share Price
17:35 3,138 @ € 56.11
17:35 461 @ € 56.11
17:35 75 @ € 56.11
17:35 3,414 @ € 56.11
17:35 6,210 @ € 56.11

Top of Page