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DANONE
REGISTRATION DOCUMENT 2015
Danone's business highlights in 2015 and outlook for 2016
3.2 Consolidated net income review
58
Additional information on consolidated income statement: transition from reported to like-for-like figures
Including impact of fluctuations in
exchange rates
Previous
period
Period
under
review
Reported
change
of which
impact of
changes in
scope of
consolida-
tion
Total
of which
treatment
of over-
inflation
of which
other
impact of
fluctuations
in exchange
rates
Like-for-
like growth
Sales
(in € millions except percentage)
2014
21,298
21,144
(0.7)% 0.1% (5.5)%
0.4% (5.9)%
4.7%
2015
21,144
22,412
6.0% (0.4)% 2.0%
0.3% 1.7%
4.4%
Trading operating margin
2014
13.19% 12.59% -60 bps
-20 bps
-28 bps
-20 bps
-8 bps
-12 bps
2015
12.59% 12.91% +32 bps
+6 bps
+9 bps
-1 bp
+10 bps
+17 bps
Recurring EPS
(in € except percentage)
2014
2.78
2.62
(5.7)% (0.3)% (7.8)%
(1.7)% (6.1)%
2.5%
2015
2.62
2.93
12.0% 1.9% 3.5%
0.3% 3.2%
6.5%
Dividend for the 2015 fiscal year
At the Annual General Meeting on Thursday, April 28, 2016, Danone's
Board of Directors will ask shareholders to approve distribution of
a €1.60 dividend per share in cash in respect of the 2015 fiscal year,
up +6.7% from 2014. This dividend reflects the confidence of both the
Board andmanagement in the Company's scope for growth in profit.
Assuming this proposal is approved, the ex-dividend date will be
Thursday, May 5, 2016. Dividendwill be payable onMonday, May 9, 2016.