Danone S.A. (DANOY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Donon H1 2026 results webcast and conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Paul Evis, Investor Relations Director. Please go ahead. Good morning, everyone. Paul speaking. Thank you for being with us this morning for Danone's H1 2026 results call. I'm here with our CEO, Antoine de Saint-Affrique, and our CFO, Juergen Esser, who will go through some prepared remarks before taking your questions. And before we start, I draw your attention to the disclaimer on slide 32 of the presentation related to forward-looking statements and the definition of financial indicators that we will refer to during the presentation. And with that, let me hand over to Antoine. Thank you, Paul. Good morning, everyone, and a warm welcome to you all. Thank you for joining Juergen and me for H1 26 results presentation. As you will have seen in the headline of our press release this morning, we are pleased to share with you another set of solid, high-quality results. Let's start with slide three and our like-for-like sales growth in the second quarter. As you can see on the chart, we delivered strong growth in quarter two with like-for-like sales up plus 4.2% at group level. Juergen will come back to the details later, but this performance was broad-based across both categories and geo...