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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ (NESN)
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Nestle : Nestlé inaugurates pet food factory expansion in Hungary

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11/10/2017 | 05:04pm CEST

Nestlé today inaugurated a 70 million expansion to its Purina plant in Bük, Hungary. The factory produces high-quality pet food for dogs and cats in more than 40 countries, meeting growing demand from pet owners.

The investment underlines Nestlé's strategy to focus capital spending on advancing the high-growth food and beverage categories of petcare, coffee, infant nutrition and bottled water.

The plant produces a range of brands - including Felix, Gourmet and Friskies - to keep pets happy, healthy and strong. A fully automated new manufacturing unit employs a globally unique technology to turn high-quality local agricultural inputs into more than one million pet food items every day. The new 5000 square-metre manufacturing hall includes two new filling and packaging lines.

The Bük site is one of the largest pet food manufacturing plants in Europe. It has 900 employees and more than 90 per cent of its output is produced for export.

Read more in the Nestlé Hungary press release

Nestlé SA published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 16:03:03 UTC.

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Financials (CHF)
Sales 2018 91 710 M
EBIT 2018 15 150 M
Net income 2018 11 222 M
Debt 2018 25 947 M
Yield 2018 3,10%
P/E ratio 2018 21,80
P/E ratio 2019 19,93
EV / Sales 2018 2,96x
EV / Sales 2019 2,88x
Capitalization 246 B
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 86,6  CHF
Spread / Average Target 8,0%
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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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