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MarketScreener Homepage  >  Equities  >  Deutsche Boerse AG  >  FRoSTA AG    NLM   DE0006069008

FROSTA AG

(NLM)
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Real-time Quote. Real-time Tradegate - 07/16 12:34:56 pm
59.25 EUR   +0.42%
2017FROSTA : examining takeover of Nestle's Italian frozen food business
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Frosta : examining takeover of Nestle's Italian frozen food business

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04/10/2017 | 06:41am EDT
The Nestle logo is pictured on the company headquarters building in Vevey

ZURICH (Reuters) - German food company Frosta (>> FRoSTA AG) said on Monday it was talking to KitKat maker Nestle (>> Nestle SA) about buying its Italian frozen food business.

ZURICH (Reuters) - German food company Frosta (>> FRoSTA AG) said on Monday it was talking to KitKat maker Nestle (>> Nestle SA) about buying its Italian frozen food business.

Frosta has entered exclusive negotiations to buy the business, which includes the brands La Valle Degli Orti, Mare Fresco and Surgela, the Bremerhaven-based company said.

"In the framework of the exclusivity Frosta is currently examining whether such an investment would be beneficial for the company," it said in a statement.

(Reporting by John Revill)

Stocks treated in this article : FRoSTA AG, Nestle SA
Stocks mentioned in the article
ChangeLast1st jan.
FROSTA AG 0.00% 59 Delayed Quote.-7.09%
NESTLÉ -0.51% 101.9 Delayed Quote.28.35%
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Latest news on FROSTA AG
2017FROSTA : examining takeover of Nestle's Italian frozen food business
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Financials (EUR)
Sales 2019 532 M
EBIT 2019 24,2 M
Net income 2019 16,3 M
Debt 2019 33,1 M
Yield 2019 2,43%
P/E ratio 2019 24,9x
P/E ratio 2020 14,8x
EV / Sales2019 0,82x
EV / Sales2020 0,77x
Capitalization 402 M
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 72,75  €
Last Close Price 59,00  €
Spread / Highest target 31,4%
Spread / Average Target 23,3%
Spread / Lowest Target 15,3%
EPS Revisions
Managers
NameTitle
Felix Ahlers Chairman-Executive Board
Dirk Ahlers Chairman-Supervisory Board
Jürgen Marggraf Vice President-Operations
Jürgen Schimmelpfennig Member-Supervisory Board
Oswald Barckhahn Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
FROSTA AG-7.09%453
NESTLÉ28.35%298 084
MONDELEZ INTERNATIONAL36.65%78 691
DANONE23.33%55 244
FOSHAN HAITIAN FLAVOURING & FOOD CO LTD48.15%40 101
THE KRAFT HEINZ COMPANY-28.72%37 391