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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Nestlé S.A.    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
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Nestle 2019 Profit, Sales Rose

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02/13/2020 | 01:56am EST

By Giulia Petroni

Nestle SA said Thursday that 2019 net profit rose, boosted by the sale of its skin-health business.

The Swiss food-and-beverage company said net profit was 12.6 billion Swiss francs ($12.90 billion) compared with CHF10.1 billion the previous year.

Sales rose 1.2% to CHF92.57 billion on year and organic growth was 3.5% in line with guidance, the company said.

Analysts had forecast net profit of CHF11.77 billion and sales of CHF92.97 billion, according to a consensus compiled by FactSet.

"Organic growth accelerated, fueled by strong momentum in the United States and Purina PetCare globally," Chief Executive Mark Schneider said. "Profitability improved again and reached our guided range one year ahead of plan."

The company said it proposed a dividend increase to CHF2.70 a share and started a new share buyback program of up to CHF20 billion in 2020.

Looking ahead, Nestle said it expects a continued increase in organic sales growth and forecasts growth acceleration toward the mid-single digit range in the 2021-22 period.

The company said it is too early to assess the impact of the coronavirus outbreak.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
LONDON COFFEE -1.07% 1765 End-of-day quote.0.00%
LONDON SUGAR -0.26% 420.1 End-of-day quote.16.79%
NESTLÉ S.A. -0.31% 109.02 Delayed Quote.4.37%
NEW YORK COCOA 0.48% 2939 End-of-day quote.16.44%
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Financials (CHF)
Sales 2020 90 601 M
EBIT 2020 16 379 M
Net income 2020 12 376 M
Debt 2020 28 418 M
Yield 2020 2,58%
P/E ratio 2020 24,9x
P/E ratio 2021 23,4x
EV / Sales2020 3,78x
EV / Sales2021 3,68x
Capitalization 314 B
Chart NESTLÉ S.A.
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Nestlé S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends NESTLÉ S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 112,38  CHF
Last Close Price 109,02  CHF
Spread / Highest target 11,9%
Spread / Average Target 3,08%
Spread / Lowest Target -16,5%
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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