Danone: From the second half of 2023, the company is increasing its share of the dairy market in Europe
Source: The DairyNews
At a recent online event, Danone reported good results over the past two years and ambitious plans for the future. According to company executives, it returned to value growth from the third quarter of 2023.
"We have gone through a phased change in cash generation levels and increased our free cash flow to 2.6 billion euros. Our goal is 3 billion euros," the company reported.
"2016-2021 was a period of unstable development. However, in 2022-2023 the company decided to renew its fundamentals. The net sales growth by the end of 2023 reached 28 billion euros. The return on invested capital increased by 9.5%," the company explained.
"2016-2021 was a period of unstable development. However, in 2022-2023 the company decided to renew its fundamentals. The net sales growth by the end of 2023 reached 28 billion euros. The return on invested capital increased by 9.5%," the company explained.
