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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ (NESN)
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Nestle : buys majority stake in organic food company Terrafertil

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02/09/2018 | 06:45pm CEST
A Nestle company logo is pictured on a bar of Milky Bar chocolate in Manchester, Britain.

ZURICH (Reuters) - Nestle said on Friday that it has bought a majority stake in Terrafertil, a company selling natural and organic plant based foods.

The move is the latest step by Nestle to expand its profile in healthy foods as it seeks to offset weakness in the packaged foods sector.

Nestle did not say how much it was paying and how big a stake it was taking in the company, which was founded in Ecuador in 2005, before expanding in the rest of South America and Britain and the United States.

As part of its health ramp up, Nestle spent $2.3 billion (1.65 billion pounds) on Canadian vitamin maker Atribum Innovations in December. It also announced deals for Sweet Earth vegetarian foods and Blue Bottle coffee last September and Chameleon Cold-Brew coffee in November.

(Reporting by John Revill; Editing by Catherine Evans)

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Financials (CHF)
Sales 2018 91 787 M
EBIT 2018 15 119 M
Net income 2018 11 015 M
Debt 2018 25 934 M
Yield 2018 3,06%
P/E ratio 2018 22,04
P/E ratio 2019 20,05
EV / Sales 2018 2,98x
EV / Sales 2019 2,89x
Capitalization 248 B
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 86,5  CHF
Spread / Average Target 6,8%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
Paul Bulcke Chairman
Magdi Batato Executive Vice President & Head-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Stefan Palzer Chief Technology Officer & Executive VP
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