Reported about 13 hours ago
Danone reported strong 2024 sales and cash flow, surpassing analysts' expectations and signaling confidence in its revival plan. With total sales reaching €27.376 billion and an improved operating margin, the company benefitted from robust demand in medical nutrition and baby food in China, and in North America for coffee creamers and high-protein products. Danone's record cash flow of €3 billion led to a dividend increase, reinforcing the firm’s resilience as it aims for a 3-5% sales growth in the upcoming years.
Source: YAHOO