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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ

(NESN)
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Nestle : Nestlé and Alliance for YOUth offer 150,000 young people in Europe jobs and training

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11/05/2018 | 03:13am EDT

Nestlé and its Alliance for Youth partner companies have delivered on their pledge to offer 150,000 young people in Europe jobs and apprenticeships or traineeships over the last two years.

The announcement comes as Nestlé celebrates European Vocational Skills Week with a range of factory visits, workshops, roundtables, careers days and youth training events across Europe.

Alliance for YOUth is also joining forces with JA Europe, the continent's largest provider of education programmes for entrepreneurship, work readiness and financial literacy in Europe, to support 500 secondary school and vocational students to achieve the Entrepreneurial Skills Pass.

Marco Settembri, Nestlé's for Zone : 'I am very happy to see that we have altogether delivered on our pledge to offer jobs and training opportunities to about 150,000 young people in the last two years. We will continue to step up efforts to strengthen business-education collaboration and invest in young people's future.'

A business-driven initiative with over 200+ member companies in Europe, Alliance for YOUth is on track to deliver on its commitments to provide 230,000 job and training opportunities to young people across Europe, Middle East and North Africa (EMENA) by 2020.

Nestlé Needs YOUth is the company's global youth initiative that supports its ambition to help 10 million young people worldwide access economic opportunities by 2030.

Read the full press release (pdf, 95 Kb)

Disclaimer

Nestlé SA published this content on 05 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 November 2018 08:12:14 UTC

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Financials (CHF)
Sales 2019 95 315 M
EBIT 2019 16 500 M
Net income 2019 11 323 M
Debt 2019 33 761 M
Yield 2019 2,70%
P/E ratio 2019 24,87
P/E ratio 2020 22,16
EV / Sales 2019 3,48x
EV / Sales 2020 3,33x
Capitalization 298 B
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 99,4  CHF
Spread / Average Target 2,3%
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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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