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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ

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Nestle : Illycaffe looks past Italy with Jacobs Douwe Egberts coffee pods deal

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10/09/2018 | 01:11am EST

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 2019 95 175 M
EBIT 2019 16 047 M
Net income 2019 11 507 M
Debt 2019 33 817 M
Yield 2019 2,85%
P/E ratio 2019 23,76
P/E ratio 2020 20,84
EV / Sales 2019 3,31x
EV / Sales 2020 3,17x
Capitalization 281 B
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 94,4  CHF
Spread / Average Target 2,9%
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
Sector and Competitors
1st jan.Capitalization (M$)
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THE KRAFT HEINZ COMPANY10.64%58 752
DANONE10.23%52 670
GENERAL MILLS20.57%28 017
ASSOCIATED BRITISH FOODS13.71%23 973