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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

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Nestle : Nestlé co-founds the Global Coalition for Animal Welfare

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10/12/2018 | 05:18am EST

Nestlé and six other food companies have joined forces through the Global Coalition for Animal Welfare (GCAW) to advance animal welfare standards throughout the global food supply chain.

is the world's first global food industry-led collaboration uniting major companies and animal welfare experts working towards improving standard for animals at scale to meet consumer demand for food products from animals reared in systems that promote good welfare.

By building relationships with like-minded stakeholders, Nestlé joins efforts to collectively address current systemic barriers to change, share best practices as well as accelerate the development of standards and progress on key welfare issues.

aims to publish a collective action agenda in 2019, focusing on five priority work streams, including cage free policies and improved broiler chicken welfare.

Nestlé's involvement within builds on its existing commitment on farm animal welfare (pdf, 2Mb).

Last year Nestlé announced that it will source cage free eggs only as ingredients for all its food products globally by 2025.

Additionally, in October 2017 Nestlé pledged to improve conditions for chickens raised to provide meat ingredients for our businesses in the United States. This was followed by an announcement in June 2018 to implement similar improvements for all of its food products in Europe.

Ensuring decent farm animal welfare standards in Nestlé's supply chain is part of the company's purpose of enhancing quality of life and contributing to a healthier future.

Disclaimer

Nestlé SA published this content on 12 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 October 2018 09:17:06 UTC

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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 2,87%
P/E ratio 2019 23,55
P/E ratio 2020 20,66
EV / Sales 2019 3,28x
EV / Sales 2020 3,14x
Capitalization 279 B
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 94,4  CHF
Spread / Average Target 3,8%
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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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