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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ (NESN)
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Nestle : Nestlé co-founds the Global Coalition for Animal Welfare

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10/12/2018 | 11:18am CEST

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 2018 91 417 M
EBIT 2018 15 148 M
Net income 2018 11 181 M
Debt 2018 27 046 M
Yield 2018 3,12%
P/E ratio 2018 21,69
P/E ratio 2019 20,16
EV / Sales 2018 2,93x
EV / Sales 2019 2,86x
Capitalization 241 B
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 87,1  CHF
Spread / Average Target 8,9%
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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