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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé S.A.    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
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Nestle : Henkel says looking at M&A, no comment on Nestle - Boersen-Zeitung

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09/22/2018 | 10:18am EST
FILE PHOTO: Henkel CFO Knobel is pictured at the company's AGM in Duesseldorf

FRANKFURT (Reuters) - German consumer goods group Henkel is scanning the market for takeovers, its chief financial officer told a paper, declining to say whether it was looking at Nestle's skin health unit that was put up for sale earlier this week.

"We continue to see acquisition potential," Carsten Knobel told Boersen-Zeitung in an interview published on Saturday. "We have defined, and implemented, M&A as an integral part of our strategy in our current strategy cycle."

Nestle said on Thursday it was exploring strategic options for Nestle Skin Health, which makes Cetaphil and Proactiv skin care brands, with analysts estimating its value at up to 8 billion Swiss francs (£6.4 billion).

"I do not want to comment on that," Knobel said when asked whether Henkel was looking at the division.

Henkel's M&A activity has been muted so far this year after the group spent close to 2 billion euros (£1.8 billion) on takeovers in 2017, something Knobel blamed on high valuations.

"Prices are not cheap, but that's not the only decisive factor. For us it is key whether the target is available, whether there is a strategic fit and whether it is financially attractive. If so, we'll acquire."

(Reporting by Christoph Steitz; Editing by Mark Heinrich)

Stocks mentioned in the article
ChangeLast1st jan.
HENKEL AG & CO. KGAA 1.02% 94.8 Delayed Quote.-0.63%
NESTLÉ S.A. 1.33% 103.9 Delayed Quote.30.20%
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Financials (CHF)
Sales 2019 93 216 M
EBIT 2019 16 458 M
Net income 2019 12 568 M
Debt 2019 27 624 M
Yield 2019 2,59%
P/E ratio 2019 24,5x
P/E ratio 2020 23,6x
EV / Sales2019 3,51x
EV / Sales2020 3,51x
Capitalization 300 B
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Technical analysis trends NESTLÉ S.A.
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 111,57  CHF
Last Close Price 103,90  CHF
Spread / Highest target 17,4%
Spread / Average Target 7,39%
Spread / Lowest Target -15,3%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
jeff hamilton President
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
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THE HERSHEY COMPANY39.25%31 182