Danone Releases Impressive Interim Financial Report for H1 2024
Strong Results Amidst Market Challenges
Paris, France - August 1, 2024
Danone, a global leader in the food and beverage industry, today announced the release of its interim financial report for the six-month period ended June 30, 2024. Despite the ongoing economic uncertainties and market challenges, Danone has delivered a remarkable performance, showcasing its resilience and financial strength.
Key Highlights:
- Recurring EPS increased by 26% to €1.80.
- Free cash flow surged by 11% to €1.2 billion.
Financial Performance:
The company's revenue grew by 4.5% on a like-for-like basis, driven by strong performances in its dairy and plant-based businesses. Danone's net income increased by 12%, reaching €1.0 billion. This exceptional financial performance reflects the company's commitment to delivering sustainable growth and shareholder value.
Strategic Priorities:
Danone continues to prioritize its key strategic areas, including:
- Investing in innovation and product development
- Expanding into high-growth markets
- Strengthening its sustainability initiatives
Outlook:
Danone maintains a positive outlook for the remainder of 2024. The company remains committed to driving organic growth, realizing operational efficiencies, and delivering strong financial returns. Danone is confident in its ability to navigate the current market challenges and emerge as a stronger and more resilient organization.
Availability:
Danone's interim financial report is available on the company's website at [website address]. Investors and stakeholders are encouraged to review the report for detailed information on the company's financial performance, strategic priorities, and future outlook.
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