Danone: 2020 and 2021 key indicators restated by new operating segments

Press Release – Paris, March 30, 2022 2020 and 2021 key indicators restated by new operating segments As announced on March 8, 2022, starting from 2022, Danone will report its key indicators (net sales, like-for-like sales growth, recurring operating income and recurring operating margin) according to its new operating segments, corresponding to 4 zones 1 :Europe;North America which is comprised of the United States and Canada;China, North Asia and Oceania which is comprised of...

Blan, 30/03/2022 (informazione.news - comunicati stampa - cibi e bevande)

Press Release – Paris, March 30, 2022

2020 and 2021 key indicators restated by new operating segments

As announced on March 8, 2022, starting from 2022, Danone will report its key indicators (net sales, like-for-like sales growth, recurring operating income and recurring operating margin) according to its new operating segments, corresponding to 4 zones :

The company will retain global category reporting, on both net sales, recurring operating income and margin, for EDP, Specialized Nutrition and Waters.

Danone will also adapt the way it reports organic sales growth: from now on, the Mix component will be grouped with Volumes, instead of Price.

Please refer to the restated 2020 and 2021 indicators (non-audited) by new operating segments below.

2020 and 2021 sales restated by new operating segments

2021 like-for-like sales growth restated by new operating segments and new volume/mix disclosure

2020 and 2021 recurring operating income and margin restated by new operating segments

APPENDIX

Financial indicators not defined in IFRS

Like-for-like changes in sales, recurring operating income and recurring operating margin reflect Danone's organic performance and essentially exclude the impact of:

Recurring operating income is defined as Danone's operating income excluding Other operating income and expenses. Other operating income and expenses comprise items that, because of their significant or unusual nature, cannot be viewed as inherent to Danone's recurring activity and have limited predictive value, thus distorting the assessment of its recurring operating performance and its evolution. These mainly include:

Recurring operating margin is defined as Recurring operating income over Sales ratio.

As part of the new organization, the management of some entities has been changed, leading to the reallocation of €143m of Net Sales to Europe and North America zones in FY 2021 (from the previously known Rest of the World region).
All references in this document to like-for-like sales growth, recurring operating income and recurring operating margin correspond to financial indicators not defined in IFRS. Their definitions, as well as their reconciliation with financial statements, are listed on page 4.

Attachment