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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ

(NESN)
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Nestle : says L'Oreal stake is 'active on the board's agenda'

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12/03/2018 | 03:08am EDT
FILE PHOTO: The logo of French cosmetics group L'Oreal is seen on a sales counter at a department store in Paris

ZURICH (Reuters) - Nestle Chairman Paul Bulcke said the food giant's stake in French cosmetics firm L'Oreal was "something active on the board's agenda" in an interview with the Financial Times published on Monday that could trigger a fresh round of speculation.

Nestle is under pressure from New York-based hedge fund Third Point, run by investor Daniel Loeb, to overhaul its business and sell its stake in L'Oreal.

Asked whether Nestle would consider allowing Third Point on its board, Bulcke declined to answer, the FT reported. "We are open to all ideas and then we judge what is best for the company," he said. 

(Reporting by Silke Koltrowitz)

Stocks mentioned in the article
ChangeLast1st jan.
L'ORÉAL 0.24% 248 Real-time Quote.23.26%
NESTLÉ 0.24% 101.4 Delayed Quote.27.07%
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Financials (CHF)
Sales 2019 95 405 M
EBIT 2019 16 378 M
Net income 2019 11 335 M
Debt 2019 33 029 M
Yield 2019 2,59%
P/E ratio 2019 25,91
P/E ratio 2020 23,12
EV / Sales 2019 3,60x
EV / Sales 2020 3,45x
Capitalization 311 B
Chart NESTLÉ
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 101  CHF
Spread / Average Target -0,22%
EPS Revisions
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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