Danone

Danone SA (ADR) (OTCMKTS:DANOY) 4Q Sales Jump 7.5%

Danone SA (ADR) (OTCMKTS:DANOY) reported 4Q results wherein the sales jumped by as much as 7.5% due to favorable bases for comparison in Early Life Nutrition. The full-year 2014 sales rose 4.7% to €21,144 million from a year ago. The dividend distribution increased 3.4% to €1.50 compared to FY2013, with the option of full payment in either shares or cash. The consolidated sales declined 0.7% to €21,144 million in FY2014. It was due to the impact of changes on the basis of comparison including exchange rates. The negative impact of currency fluctuations was 5.5% and demonstrates a marked drop in certain emerging currencies, including the Argentine peso, the Indonesian rupiah, and the Russian ruble.

Chairman’s comment

Franck Riboud, the Chairman of Danone SA (ADR) (OTCMKTS:DANOY), said that 2014 was a critical year for the company, with several major transformations aimed at preparing Danone for the future. The management adopted a new structure and segregated the responsibilities of Chairman and CEO. The Chairman will focus on medium and long trust strategy whereas CEO and management team will guide day-to-day activities. FY2014 was a year of economic and political turbulences. Despite all, the company managed to meet targets for the year. Riboud added that they had resources as well as a new structure to meet new global challenges.

CEO’s comment

Emmanuel Faber, the CEO, said that Danone SA (ADR) (OTCMKTS:DANOY) tipped the equation towards strong growth in the second half of 2014. The company met 2014 targets following which the management proposed a higher dividend of €1.50 a share. There was strong growth in many regions, particularly in Europe, where a combined focus on raising company’s completive edge and updating product lines begin to pay off. Efforts are made to expand in high-growth markets, especially in Africa and Asia. Faber said that the management will roll out Danone SA (ADR) (OTCMKTS:DANOY) 2020 roadmap in FY2015 with an objective of creating shared value for stakeholders, the 100,000 employees and for customers and suppliers.

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