2024-01-15 12:14:02
Par Loïc Danton
Published 1 hour ago, Updated 1 hour ago
322847593/Ricochet64 – stock.adobe.com
Until now very negative on the action of the French agri-food group, the Swiss analysis office estimates that 2024 promises to be a very good year. And his arguments are interesting.
UBS’s doubts about Danone have vanished. Guillaume Delmas, who follows the French group for the Swiss analysis office, has reviewed his forecasts as well as his judgment on Danone as an investment. According to him, the group will be carried by many favorable winds in 2024, which could lead to pleasant surprises in terms of results.
Until now cautious on Danone shares due to doubts about the group’s positioning, UBS believes that the drastic changes implemented by the new management have relegated these concerns to second place. On the one hand, it notes increased visibility on the group’s organic growth due to a more favorable basis of comparison for volumes, greater price resilience than expected and disciplined inventory management by the retailers. It is therefore targeting a like-for-like sales increase of 4.5% for this year, when the consensus targets +3.5%.
Several catalysts at work in 2024
Another asset, a solid balance sheet…
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