Danone (EPA:BN) Full Year 2023 Results
Key Financial Results
- Revenue: €27.6b (flat on FY 2022).
- Net income: €873.0m (down 7.7% from FY 2022).
- Profit margin: 3.2% (down from 3.4% in FY 2022).
- EPS: €1.36 (down from €1.48 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Danone EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 57%.
The primary driver behind last 12 months revenue was the Essential Dairy and Plant-Based Products (EDP) segment contributing a total revenue of €14.3b (52% of total revenue). Notably, cost of sales worth €14.5b amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to €6.29b (51% of total expenses). Explore how BN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in France.
Performance of the French Food industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for Danone that you need to take into consideration.
Valuation is complex, but we're helping make it simple.
Find out whether Danone is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About ENXTPA:BN
Danone
Danone S.A. operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.
Average dividend payer with mediocre balance sheet.
