Sees 2025-2028 recurring opg income up faster vs sales (Il Sole 24 Ore Radiocor) - Paris, 20 Jun - French food company Danone announced the next phase of its Renew strategy in which it expects to deliver in 2025-2028 like for like net sales growth of 3-5% with recurring operating income growing faster than net sales.

Danone said the financial guidance should allow if to deliver a structurally double-digit ROIC and progress towards its long-term ambition of 3 billion euros in free-cash-flow.

"The Danone of today is very different from the Danone of 2 years ago. We now have the right fundamentals in place to turn Danone into a truly science based, consumer and patient centric company, with an even stronger focus on our unique health focused mission," said chief executive Antoine de Saint-Affrique.

Danone said it will focus on Health and Nutrition by gradually pivoting the way it addresses its categories, notably Protein and Gut Health, broadening some of its business models, accelerating in Away-from-home and Medical Nutrition, and further expanding its geographic footprint.

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(RADIOCOR) 20-06-24 08:18:19 (0137) 5 NNNN