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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 : Nestlé announces collaboration with Burcon and Merit for plant-based ingredients

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01/24/2020 | 03:05am EST

Nestlé today announced a collaboration with Burcon and Merit, two key players in the development and production of high-quality plant proteins. This partnership will enable Nestlé to further accelerate the development of nutritious and great-tasting plant-based meat and dairy alternatives with a favorable environmental footprint.

The partnership combines Nestlé's expertise in the development, production and commercialization of plant-based foods and beverages with Burcon's proprietary plant protein extraction and purification technology, while leveraging Merit's state-of-the-art plant protein production capabilities.

'Developing nutritious and great-tasting plant-based meat and dairy alternatives requires access to tasty, nutritious and sustainable raw materials as well as proprietary manufacturing technology,' says Stefan Palzer, Nestlé Chief Technology Officer. 'The partnership with Burcon and Merit will give us access to unique expertise and a new range of high-quality ingredients for plant-based food and beverages.'

Globally, Nestlé has around 300 scientists, engineers and product developers located in 8 centers that are dedicated to the research and development of plant-based products. To complement its internal capabilities, the company also strategically collaborates with researchers, suppliers, start-ups and various other innovation partners.

Nestlé's plant-based product range includes pea, soy- and wheat-based burger patties, sausages, mince meat, chicken filets and various prepared dishes. The company also developed pea and oat-based dairy alternatives, almond-, coconut- and oat-based creamers, plant-based coffee mixes as well as a range of non-dairy ice creams. It also recently announced its plans to launch vegan alternatives to cheese and bacon, designed to complement its existing plant-based burger patties.

Burcon Nutrascience is a global technology leader with a portfolio of patents related to composition, application, and manufacturing of novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed and various other crops.

Established in 2019, Merit Functional Foods provides the highest quality protein ingredients and blends that offer unmatched purity, exceptional taste, and excellent solubility.

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Disclaimer

Nestlé SA published this content on 24 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2020 08:04:05 UTC

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Financials (CHF)
Sales 2020 90 554 M
EBIT 2020 16 369 M
Net income 2020 12 234 M
Debt 2020 28 435 M
Yield 2020 2,56%
P/E ratio 2020 25,3x
P/E ratio 2021 23,5x
EV / Sales2020 3,79x
EV / Sales2021 3,70x
Capitalization 315 B
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 112,00  CHF
Last Close Price 109,36  CHF
Spread / Highest target 11,6%
Spread / Average Target 2,41%
Spread / Lowest Target -16,8%
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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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