Company facts: Danone

Article Abstract:

Danone ranks third among food manufacturers in Europe, and acquisitions have helped the group to grow. Weak consumer spending has affected profits in the European market, which represents some nine tenths of sales. The group is expanding into Asia and eastern Europe though has hardly any presence in the US. Danone brands perform well in terms of market share, and this should help the group improve its profits as European demand recovers. Danone should also benefit from its expansion into emerging markets.

Danone S.A. (France)

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Booker

Article Abstract:

Booker is a UK food processor and wholesaler which is undergoing reorganization. The group saw a rise in food wholesaling profits for 1st half 1995, though profits from fish processing dropped in this period. Prepared foods were hit by a rise in the cost of raw materials, while food service saw a rise in profit to 5.6 million pounds. The group's profit is forecast at 104 million pounds sterling for full-year 1995 compared with 87 million pounds for the previous year.

Groceries & Rel Prods Whsle, Grocery and Related Product Wholesalers, Booker PLC

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Quaker Oats

Article Abstract:

Quaker Oats acquired Snapple, a producer of iced tea, in 1994. Snapple's sales have not grown as much as forecast and competition has increased from large companies such as PepsiCo. Canned teas are also tending to oust bottled teas in this market. Quaker Otas' share price has been boosted due to speculation of a bid with Unilever and Nestle seen as interested potential bidders. Howeverthe shares could underperform if no bid is forthcoming.

Beverage industry, Quaker Oats Co., OAT

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