Modèle Word ddr danone

General principles 
The key indicators reviewed and used internally by the primary operational decision-makers (the Chairman and Chief Executive Officer, 
Emmanuel FABER, and the Chief Financial Officer, Technology & Data, Cycles and Procurement, Cécile CABANIS) to assess 
operational performance are: 
• 
Sales; 
• 
Recurring operating income; 
• 
Recurring operating margin, which corresponds to the ratio of Recurring operating income to Sales. 
Information by Reporting Entity 
Among the key indicators reviewed and used internally by the primary operational decision-makers, only Sales, Recurring operating 
income and Recurring operating margin are monitored by Reporting Entity, while the other indicators are monitored at Group level. 
Since January 1, 2019, Danone has adapted the reporting of the organization of the EDP Reporting Entity. To reflect its organization 
under a single business leader, a single strategy and a single management, the EDP Noram (United States and Canada) and EDP 
International businesses have been integrated into a single EDP Reporting Entity. The main decision-makers monitor the three 
Reporting Entities which now make up the Danone company organization: EDP, Specialized Nutrition and Waters. 
The aggregate figures by operating segment for the comparable period are therefore presented below in a comparable manner. 

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DANONE Consolidated financial statements 2019 22 
Information by Reporting Entity 
Year ended December 31 
(in € millions, except percentage) 
Sales 
(a)
 
Recurring operating income 
Recurring operating margin 
 
2018 
2019 
2018 
2019 
2018 
2019 
EDP 
13,056 
13,163 
1,317 
1,345 
10.1% 
10.2% 
Specialized Nutrition 
7,115 
7,556 
1,762 
1,908 
24.8% 
25.3% 
Waters 
4,480 
4,568 
483 
593 
10.8% 
13.0%