Danone: underlying EPS down 13% in 2020
(CercleFinance.com) - Danone has announced 2020 underlying EPS that is down 13.
2% at 3.34 euros and an underlying operating margin of 14% (-150 basis points on a comparable basis) on sales of 23.62 billion euros, down 6.6% (-1.5% on a comparable basis).
At the AGM on 29 April 2021, the agri-food group's Board of Directors will propose a dividend of 1.94 euro per share for the past financial year, to be paid in cash, thereby increasing the payout rate to 58%.
For 2021, Danone expects the first quarter to be difficult, although a return to growth from the second quarter, and profitable growth in the second half of the year. Its 2021 underlying operating margin is expected to be broadly in line with that of 2020.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
2% at 3.34 euros and an underlying operating margin of 14% (-150 basis points on a comparable basis) on sales of 23.62 billion euros, down 6.6% (-1.5% on a comparable basis).
At the AGM on 29 April 2021, the agri-food group's Board of Directors will propose a dividend of 1.94 euro per share for the past financial year, to be paid in cash, thereby increasing the payout rate to 58%.
For 2021, Danone expects the first quarter to be difficult, although a return to growth from the second quarter, and profitable growth in the second half of the year. Its 2021 underlying operating margin is expected to be broadly in line with that of 2020.
Copyright (c) 2021 CercleFinance.com. All rights reserved.