Danone has reported sales growth of 4.4% for 2015, with trading operating margins up 17 basis points to 12.91% and recurring EPS up 8.4% at constant exchange rates, which CEO Emmanuel Faber described as "very solid".

 

 

Danone CEO: results ”very solid”

Danone has reported sales growth of 4.4% for 2015, with trading operating margins up 17 basis points to 12.91% and recurring EPS up 8.4% at constant exchange rates.

 

“Over the past 18 months, we have been making the changes necessary to take up the challenges of a new and ever changing world, as we pursue our purpose to provide pleasurable, healthier, sustainable hydration and eating options to our consumers each and every day,” said CEO Emmanuel Faber. “With organic growth of +4.4% and trading operating margin up +17 basis points like-for-like, our results are very solid and perfectly aligned with our objectives. They confirm that we have taken this mission to a new level, paving the way for strong, profitable and sustainable growth by 2020.

We have further sharpened the consumer relevance of our brands, invested more in research and reshaped our organization for greater efficiency and deeper expertise. At the same time, we have enhanced our knowledge and capabilities to protect and grow our businesses, and have moved toward an optimal combination of more agility and discipline in our resource allocation and decision processes.”

“Our choices in 2015 delivered these solid results, which came from the combination of our businesses in both developed and emerging markets across all four of our categories.”

“In 2016, in a global context that remains volatile, Danone will continue to invest behind its brands and will mark a further important step to develop a balanced model of strong, profitable and sustainable growth.”

“I am grateful to the 100,000 people at Danone for what they achieved last year and have full confidence in their engagement as we start a new year of our journey, in which our ambition remains unchanged: create value for all our stakeholders: our employees, our consumers, customers, suppliers and our shareholders.”