Danone: recurring EPS growth of 2.5% in 2024

(CercleFinance.com) - Danone has announced a 2.
5% increase in recurring EPS to 3.63 euros for 2024, with recurring operating margin up 39 basis points to 13%, "while continually reinvesting in future growth".

The food group's sales fell by 0.9% on a reported basis, to almost 27.4 billion euros, but rose by 4.3% on a like-for-like basis, driven by a volume/mix effect of +3% and a price effect of +1.3%.

At the AGM on April 24, the Board of Directors will propose a dividend of 2.15 euros per share for 2024, up 2.4%. If approved, the dividend will be detached from the share on May 3 and payable on May 7.

Danone's 2025 targets are "in line with our medium-term ambition", i.e. like-for-like sales growth of between +3% and +5%, and growth in operating income before non-recurring items faster than sales growth.

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