$BN.PA

3 stories mentioning BN.PAUpdated 23m ago

Every FINWIRES story that references BN.PA, newest first.

Danone Ramps Up Asia-Pacific Expansion with Made Group, Saputo Dairy Australia Deals

Danone (BN.PA) said Monday it seeks to bolster its presence in the Asia-Pacific region through the planned purchase of the Made Group and the buyout of the remaining stake in its fresh dairy joint venture with Saputo Dairy Australia.The French food group did not disclose the terms of the deals, but the Australian Financial Review reported on Sunday that private equity firm TPG Capital sold the Australian food and beverage company Made Group to Danone for almost AU$2 billion.Danone highlighted that the acquisition is anticipated to be accretive to both its operating margin and EPS from year one. The company added that the Made Group generated over 300 million euros in sales in fiscal 2026, with consistent double-digit growth and "attractive margins."Coinciding with the Made Group purchase, Danone plans to take full control of its Australian fresh dairy joint venture by buying Saputo Dairy Australia's 49% stake, saying the partnership enabled the company to build a "solid presence" in functional yogurts in the Australian market.Both transactions are expected to be finalized in the second half, pending standard closing conditions and regulatory approvals."Today marks another step in the execution of our Renew Strategy. With its strong portfolio of brands and healthy nutritional products, focusing on gut health and protein, MADE shows an impressive track record of rapid and profitable growth," Danone Chief Executive Officer Antoine de Saint-Affrique said. "To further enhance our operational flexibility, we are also acquiring the remaining stake in our Australian fresh dairy joint venture."Danone's Paris-listed stock was marginally down by Monday midday trade.

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Research33d ago

CIC Corporate & Institutional Banking Upgrades Danone to Buy, Lifts PT

CIC Corporate & Institutional Banking on Wednesday raised French food products company Danone (BN.PA) to buy from neutral and increased its price target to 74.50 euros from 73.00 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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US Markets61d ago

Danone Confirms 2026 Outlook While Formula Recall, Middle East War Weigh on Quarterly Sales

Danone (BN.PA) on Wednesday upheld its 2026 guidance even as the recall of its infant milk formula in Europe and the conflict in the Middle East dragged reported sales down 2% year over year in the first quarter.Sales of the French food products company declined to 6.71 billion euros in the three months ended March 31, from 6.84 billion euros a year earlier, as the positive impact of scope and hyperinflation was offset by foreign exchange headwinds. Analysts polled by FactSet were expecting 6.69 billion euros in sales.On a like-for-like basis, however, sales gained 2.7% thanks to a 1.5% rise in volume/mix and a 1.2% uptick in price. Amid the challenging market dynamics, Danone said the performance in Europe, Middle East and Africa remained "resilient" with a 0.6% increase in LFL sales.Growth in the Americas improved 3.4% as the US began to regain momentum amid continued strong performance in Latin America. In Asia Pacific, LFL sales climbed 6%, driven by the demand for specialized nutrition in China and essential dairy and plant-based, or EDP, products in Japan. By category, EDP sales rose 3.4%, while those of specialized nutrition and waters increased 1.9% and 2.3%, respectively."Our winning platforms continued to perform strongly, notably in dairy with high protein, skyr and kefir, in Waters with evian and Mizone, as well as in medical nutrition around the globe," Chief Executive Officer Antoine de Saint-Affrique said. "We are confident in our science based, and consumer and patient centric approach and confirm our full year guidance."In line with mid-term ambition, the company reiterated its 2026 outlook for 3% to 5% annual growth in LFL sales, with recurring operating income expanding faster than sales."Organic sales growth of 2.7% was in line with consensus, albeit below full-year guidance of 3-5%. Specialised nutrition came in 75 [basis points] below consensus, impacted by the IMF recall in Europe, though EMEA overall came in ahead of expectations thanks to good performance from EDP," RBC Capital Markets said. "We are confident that Danone can accelerate category growth and will deliver consistently in line with 3-5% organic sales growth guidance."Danone shares gained 3% in Paris on Wednesday midday.

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