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Stock impact report

Danone's €3bn fresh cash flow milestone paves way for M&A [Yahoo! Finance]

Lifeway Foods, Inc. (LWAY) 
Last lifeway foods, inc. earnings: 5/18 05:59 pm Check Earnings Report
US:NASDAQ Investor Relations: lifewaykefir.com/investor-relations
Company Research Source: Yahoo! Finance
“We want to move to the front foot on acquisitions,” CEO Antoine de Saint-Affrique said today (26 February) when asked on an analyst call where the money would be put to work. Free cash flow rose €400m ($420.4m) to €3bn in the 2024 financial year, meaning Danone has added €900m to its coffers since 2022. At the same time, return on invested capital (ROIC) climbed 50 basis points to 10%, a level the Activia yogurt maker has not achieved since 2016, CFO Juergen Esser said as the executives presented the latest annual results. “It's very important that we are staying structurally in double-digit ROIC territory, which I think is very important and a strong frame to support our M&A activity,” he added. “A continued focus on working capital management has enabled us to post a record free cash flow.” De Saint-Affrique said the dairy business had invested 100 basis points annually in its brands and “capabilities” since introducing the Renew Danone strategy three years ago and provide Show less Read more
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