Danone's (DANOY) Management on First Half 2019 Results - Earnings Call Transcript

Jul. 25, 2019 8:02 PM ETDanone S.A. (DANOY)
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Danone S.A. (OTCQX:DANOY) First Half 2019 Earnings Conference Call July 25, 2019 2:30 AM ET

Company Participants

Nadia Nicolas – Head-Investor Relations

Cécile Cabanis – Executive Vice President and Chief Financial Officer

Conference Call Participants

Jon Cox – Kepler Cheuvreux

Warren Ackerman – Barclays

Alain Oberhuber – MainFirst

David Hayes – SG

Richard Taylor – Morgan Stanley

Martin Deboo – Jefferies

Guillaume Delmas – Bank of America


Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's Danone 2019 First Half Results Conference Call. [Operator Instructions] I must advise you that this conference is being recorded today, Thursday, the 25 of July, 2019. And I'd now like to turn the conference over to your speaker today, Nadia Nicolas. Please go ahead.

Nadia Nicolas

Thank you, operator. Good morning, Nadia speaking. Thanks for joining us. We know it's a busy day for you, so we appreciate your attendance to this call. Hosting the conference today is CFO, Cécile Cabanis. Cécile will go through the presentation and will then turn the call over to your questions, and we'll try to end before 9:30. A few words before we start to first remind you that the half year report with full financial statements is available on Danone website.

To also ask you to limit yourself during the Q&A session to a maximum of two questions please. And finally, draw your attention to the disclaimer on Page two related to forward-looking statements and financial indicators definition.

And with that, let me hand it over to Cécile.

Cécile Cabanis

Thank you, Nadia. Hello, everyone. Thanks a lot for joining Danone's first half earnings call. I know it's there was a lot of traffic, so we'll try to be very sharp. And although if we had to summarize H1, it's silly but the title of the press release meaning

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