French food products company Danone will announce its mid-term strategy, and outlook for the 2025-2028 period of like-for-like net sales growth between 3% and 5% at its Capital Market Event on Thursday.
For the period, recurring operating income is projected to grow faster than net sales.
Danone expects to deliver a structurally double-digit return on invested capital and progress towards its long-term ambition of €3 billion ($3.21 billion) free cash flow.
Danone said it aims to consistently deliver attractive returns. The next chapter of its renew strategy will build on the fundamentals the company reestablished over the last 2 years. These include science and innovation, operational and executional discipline, and proactive portfolio management.
The company further said it will focus on health and nutrition.
Antoine de Saint-Affrique, Chief Executive Officer, said, "The Danone of today is very different from the Danone of 2 years ago. We now have the right fundamentals in place to turn Danone into a truly science based, consumer and patient centric company, with an even stronger focus on our unique health focused mission. The food industry is at a tipping point: health, and the role food plays in health, will become more critical than ever."
In Paris, Danone shares were trading at €56.44, down 4.21%.