Paris, Mar. 8, (dpa/GNA) – Paris-based multinational food producer Danone has presented a new strategic plan to renew the company.
Danone said its new chief executive Antoine de Saint-Affrique and the executive committee have built a plan that targets restoring the company’s performance, competitiveness and value creation for the long-term.
It aims at: restoration of Danone’s competitiveness in core categories and geographies; selective expansion of Danone’s presence, in terms of segments, channels and geographies; active seeding of future growth avenues; and active portfolio rotation.
Based on the plan, Danone announced a new set of targets for the 2022-24 period.
The company said 2022 will be a foundational year with price-led like-for-like sales growth between 3 and 5% and a recurring operating margin above 12%.
The company’s 2023-24 ambition is profitable growth with like-for-like sales growth between 3 and 5% with recurring operating income growing faster than like-for-like net sales.
GNA