The information contained in Exhibit 22 relates to the business segments of Groupe Danone (EuronextParis: BN) for
Question:
The information contained in Exhibit 22 relates to the business segments of Groupe Danone (EuronextParis: BN) for 2008 and 2009 in millions of euro. According to the company’s 2009 annual report:
Over the course of the past 10 years, the Group has refocused its activities on the health food industry. On October 31, 2007, the acquisition of Royal Numico N.V. and its subsidiaries (“Numico”), a group specialized in baby nutrition and medical nutrition, marked a new phase in the Group’s development by adding these lines of business to Danone’s portfolio. The Group has since operated in four markets corresponding to its four business lines:
(i) Fresh Dairy Products,
(ii) Waters,
(iii) Baby Nutrition,
(iv) Medical Nutrition.
Evaluate the performance of the segments using the segment margin, segment ROA, and segment turnover.
Step by Step Answer:
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie