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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ (NESN)
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Nestle : Nestlé China launches first incubator product with herbal drinks and soups

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11/01/2018 | 08:50am EST

Nestlé has launched the first product developed by its new incubator team in China. Xingshan is a new brand of ready-to-drink herbal drinks and soups made with traditional Chinese ingredients, for busy urban professionals.

The range includes three herbal drinks and three herbal soups. The key ingredients are rose, pomegranate, tremella and mushroom.

The launch shows how Nestlé is leveraging new innovation platforms and internal incubators to speed up product development, to meet rapidly changing consumer tastes. Xingshan went from initiation to launch in only eight months, and will be first sold on e-commerce platforms.

Xingshan was jointly developed by the new Nestlé China incubator team and Nestlé brand Totole. The products build on many years of research by Nestlé in China. They showcase the benefits of Chinese medicine and cuisine by carefully selecting traditional ingredients and maximizing their nutritional value with modern technology.

Read more about Xingshan and other recent innovations at Nestlé China (pdf, 700Kb).

Disclaimer

Nestlé SA published this content on 01 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 November 2018 13:49:07 UTC

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Financials (CHF)
Sales 2018 91 422 M
EBIT 2018 14 863 M
Net income 2018 11 276 M
Debt 2018 28 127 M
Yield 2018 2,95%
P/E ratio 2018 22,99
P/E ratio 2019 21,50
EV / Sales 2018 3,14x
EV / Sales 2019 3,05x
Capitalization 259 B
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 88,1  CHF
Spread / Average Target 4,4%
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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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