French food producer Danone presents strategy, sees growth ahead [Yahoo! Finance]
DANONE S/ADR (DANOY)
NASDAQ:AMEX Investor Relations:
danone.com/en/for-you/investors/investor-center/investor-relations-contacts
Company Research
Source: Yahoo! Finance
For the period, recurring operating income is projected to grow faster than net sales. Danone expects to deliver a structurally double-digit return on invested capital and progress towards its long-term ambition of €3 billion ($3.21 billion) 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, an
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