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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ (NESN)
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Nestle : Illycaffe looks past Italy with Jacobs Douwe Egberts coffee pods deal

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10/09/2018 | 07:11am CEST

ILLYCAFE has joined the global coffee market's dealmaking frenzy, looking to extend its European reach by teaming up with JAB-owned Jacobs Douwe Egberts (JDE) to produce and distribute Illy-branded coffee pods.

The licensing agreement is the latest move in the battle for consumers ready to pay more for higher-quality coffee, with Illycaffe's new pods to be designed to work in rival Nestle's Nespresso coffee machines.

Illycaffe's existing pods work only with the Italian brand's own coffee machines, but Nespresso compatibility would open up the wider European market, where the Nestle machine holds a very strong market position.

The deal follows Nestle's own $7bn (£5.3bn) licensing deal with Starbucks, announced in May, and Coca-Cola's August acquisition of coffee chain Costa to expand.

Illycaffe, a premium brand that produces only one blend made from nine varieties of Arabica beans, is the third-biggest coffee maker in Italy with sales of almost £440m last year.

The JDE tie-up was announced in Milan yesterday, though Illycaffe declined to provide financial details on the deal.

Reuters

(c) 2018 City A.M., source Newspaper

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Financials (CHF)
Sales 2018 91 524 M
EBIT 2018 15 244 M
Net income 2018 11 255 M
Debt 2018 27 637 M
Yield 2018 3,04%
P/E ratio 2018 22,00
P/E ratio 2019 20,46
EV / Sales 2018 3,05x
EV / Sales 2019 2,96x
Capitalization 251 B
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 87,4  CHF
Spread / Average Target 6,5%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Stefan Palzer Chief Technology Officer
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