Free Cash Flow GrowthImproved profitability, controlled capex and working capital improvement should allow the company to grow free cash flow towards the €3bn target by FY28.
Market Position And StrategyRecent improvement in market share for the all-important EDP division is a proof-point of Danone's portfolio potential.
Sales PerformanceThird-quarter organic sales growth of +4.2% was better than expected, driven by qualitative growth in volume/mix of +3.6%, sequentially accelerating from +2.9% in 2Q24 despite tougher comps.