Danone’s FY19 results were roughly in line with the consensus and our estimations on both the top and bottom line. It was no surprise that the group downgraded its guidance last October given the clear indications. The main news is, however, the FY20 guidance cut on the back of the Coronavirus and the €2bn investment plan (2020-22). While we were already cautious about its ability to deliver on its previous 2020 targets, we now see this new guidance as more realistic.
26 Feb 2020
More realistic 2020 targets
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More realistic 2020 targets
Danone SA (BN:WBO) | 0 0 2.7% | Mkt Cap: 44,153m
- Published:
26 Feb 2020 -
Author:
Laura Parisot -
Pages:
3
Danone’s FY19 results were roughly in line with the consensus and our estimations on both the top and bottom line. It was no surprise that the group downgraded its guidance last October given the clear indications. The main news is, however, the FY20 guidance cut on the back of the Coronavirus and the €2bn investment plan (2020-22). While we were already cautious about its ability to deliver on its previous 2020 targets, we now see this new guidance as more realistic.