Danone shares, BN share prices on the Stock Exchange

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ISIN code: FR0000120644
Sector: Non-durable consumer goods
Industry: Food: diversified products

Le actions of Danone are listed on the Euronext Paris index with the ticker BN and on the Milan Stock Exchange with the ticker DNN.

See the share price history on Euronext Paris

Company Description

Danone is a French company active in the food products sector. Danone is one of the leading companies in the agri-food sector. It has nearly 200 manufacturing sites worldwide and sells its products in more than 120 countries. It has approximately 100.000 employees.

Among the main brands of the company we find: Activia, Actimel, Alpro, Aptamil, Danette, Danonino, Danio, Evian, Volvic, Nutrilon, Nutricia and others at local and regional level (Aqua, Blédina, Cow & Gate, Bonafont, Danacol, Horizon, Mellin, Mizone, Prostokvashino, Oikos, Silk, Vega). In the United States, the company's products are branded Dannon.

Its main activity is the production and distribution of dairy products, baby food, mineral waters and medical food products

Danone is quoted at the stock exchange since 1953. It is listed on EuronextParis, where is a component of the index CAC 40 and Milan Stock Exchange.

Danone's main investors, as at 31 December 2020, come from America (44%), followed by France (18%), United Kingdom (9%) Switzerland (5%), Germany (4%) and the rest of Europe (14%).

THEshareholders of Danone is composed of:

• 78%, institutional funds
• 10%, Danone individual shares and FCPE funds
• 5%, Treasury shares
• 6% Other

Among the major shareholders of the Danone group we find:

• Danone SA, 5,36%
• Amundi Asset Management SA (Investment Management), 3,42%
• First Eagle Investment Management LLC, 2,79%
• Massachusetts Financial Services Co., 2,60%
• The Vanguard Group, Inc., 2,22%
• Norges Bank Investment Management, 2,20%
• Caisse Des Dépôts & Consignations (Investment Management), 2,00%
• Capital Research & Management Co. (World Investors), 1,56%
• Groupe Danone SA Employee Stock Ownership Plan, 1,31%

Danone shares are currently traded at 59,70 euros.

Economic and financial analysis of the company

The first Danone was born in 1919 in Barcelona by the hand of Isaac carasso. The initial aim was to produce yoghurt, with cultures coming fromPasteur Institute, to help children who suffered from intestinal disorders. He then decides to leave and launch his products in France. On February 6, 1929, the Société Parisienne du Yoghourt, a company with a capital of 500.000 French francs. With the outbreak of war Carasso emigrated first to Spain and then to the United States where, however, he met his death. Isaac's son, Daniel Carassothus takes over the reins of the company. Despite unpromising beginnings, in 1953 the company was listed on the Stock Exchange. In the meantime, the birth of the modern European Union opened up new markets for large-scale distribution. Carasso decided, in order to increase the corporate structure, a merger with the company Fromageries Gervais. Thus was born Gervais-Danone SA. The new company had strengthened its position on the market, countering competitors and offering various fresh dairy products.

In 1972 Daniel Carasso met Antoine Riboud, businessman, owner of BSN, a company specializing in the manufacture of glass that already owns brands such as beer Kronenburg and water Evian. The two decide to go into partnership together and merge the two companies in 1973 . born BSN-Gervais Danone which becomes the first French food group. A rebranding of the Dannon yogurt brand for the United States is also being considered.

In 1987 he created a joint venture in China with Fengxing Milk.

In Italy Danone has acquired several brands thanks to an alliance with Agnelli family; between 1992 and 1995 Danone also became the main sponsor of Juventus.

In 1989 he acquired Galbani, Italian food group, producer of mozzarella, ricotta, butter, soft cheeses. Galbani was then sold in 2002 to a private equity fund BC Partners.

In 1991 Danone took total control of ferrarelle through a vehicle company called Italaquae SpA. Since 2005 Ferrarelle has been a 100% company again after the sale of Danone to LGR Holding SpA. Other brands were for a period under the control of Danone Peroni beer, Agnesi e Star.

In 1994 the group decided to officially assume the name Danone.

In 1996, Antoine Riboud, president of the group, leaves the leadership to his son Franck who reorganizes the company by focusing activity on three areas: Fresh dairy products, beverages, biscuits and cereals.

In March 1996 Danone signs an agreement for the purchase of 20% of Strauss group, Israel's second largest food producer. Partner up with Hangzhou Wahaha Group, the largest beverage producer in China.

Over the years Danone has imprinted a strategy focused on healthier products, thus deciding to sell some activities. In 2007, he announced the sale of his biscuit and snacks business to kraft. Acquires the Dutch company Royal Numic, manufacturer of baby food and owner of the brands in Italy Middle e Milupa.

In the XNUMXs, he sells most of his European brewing business - the Kronenbourg brand and brand are sold 1664 a Scottish & Newcastle for £1,7 billion.

In some areas, Danone has adopted a strategy of growth through joint ventures, particularly in the fast-growing emerging markets which account for more than 50% of its sales.

In 2010 he created a partnership with unimilk, a Russian dairy company entering the Russian market.

On October 1, 2014, Franck Riboud leaves the general management of the company a Emmanuel Faber.

In 2018, Danone renames its subsidiary DanoneWave, formed after the acquisition of White Wave Foods (Alpro) in 2017 in Danone North America.

At the end of January 2021, the arrival as a shareholder of the investment activist fund Bluebell Capital puts in discussion the presence of Emmanuel Faber at the helm of the company due to the disappointing stock market results recorded by the group.

In February 2021 Danone acquires Earth Island, a US company specializing in plant-based products.

As of March 2021, due to lobbying from Bluebell Capital and Artisan Partners Faber is forced to resign.