Danone: Credit Suisse revises its forecasts


(CercleFinance.com) – The analyst expects revenue growth of +5.8% in the 2nd quarter of 2022, up from its previous estimate of +4.8%, and above consensus (+4.3%). He confirms his neutral advice on the value and his objective of 56 E.

“We expect volume/mix of +0.2% and price growth of +5.6% (vs. -0.8% and +5.1% respectively)” says Credit Suisse.

‘We expect a recurring H122 operating margin of 11.9% (against a VA consensus of 11.3%), and a recurring EPS of 1.59E (against a VA consensus of 1.51E). We expect margins of 13.6% in Europe, 8.5% in North America, 28.6% in China, North Asia and Oceania, and 5.7% in the rest of the world. analyzes.

“We are lowering our EPS estimates for FY22-24 by around -1% on average.”

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