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

NESTLÉ S.A.

(NESN)
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Nestle S A : Canada giving temporary raises to factory and distribution centre workers

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03/26/2020 | 06:55am EDT

TORONTONestle Canada is giving a temporary raise to its employees in its factories and distribution centres across the country as deals with the COVID-19 pandemic.

The food producer says the workers will receive a temporary increase of $3 per hour, retroactive to March 16. Salaried employees in the factories who cannot work from home will also receive a bonus.

Nestle's brands include Lean Cuisine, Boost, Nesquik, Haagen-Dazs, Kit Kat and Nespresso.

It says in the event of any temporary shutdown related to COVID-19, up to eight weeks' full pay will be provided for all hourly and salaried staff affected.

Workers in its retail operations which have been temporarily closed will also receive full pay up to eight weeks.

Nestle has 3,200 employees in approximately 18 locations across Canada.

This report by The Canadian Press was first published March 26, 2020.

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 86 677 M 89 828 M 89 828 M
Net income 2020 11 647 M 12 071 M 12 071 M
Net Debt 2020 28 476 M 29 512 M 29 512 M
P/E ratio 2020 25,0x
Yield 2020 2,68%
Capitalization 292 B 301 B 302 B
EV / Sales 2019
EV / Sales 2020 3,70x
Nbr of Employees 291 000
Free-Float 96,8%
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Technical analysis trends NESTLÉ S.A.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 108,67 CHF
Last Close Price 101,32 CHF
Spread / Highest target 20,4%
Spread / Average Target 7,25%
Spread / Lowest Target -22,0%
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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