Strong Q1 results boosted by pantry loading and the shift to at-home consumption, but the 2020 guidance is withdrawn due to the lack of visibility related to COVID-19. The group did not seem confident that the performance would continue in the coming quarters and warned that the group’s margins would be impacted.
21 Apr 2020
Strong Q1, but the rest of the year should get slightly darker
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Strong Q1, but the rest of the year should get slightly darker
Danone SA (BN:WBO) | 0 0 2.7% | Mkt Cap: 44,153m
- Published:
21 Apr 2020 -
Author:
Laura Parisot -
Pages:
3
Strong Q1 results boosted by pantry loading and the shift to at-home consumption, but the 2020 guidance is withdrawn due to the lack of visibility related to COVID-19. The group did not seem confident that the performance would continue in the coming quarters and warned that the group’s margins would be impacted.