Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

NESTLÉ S.A.

(NESN)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Nestle S A : to invest almost $250 million in Brazil over the next three years

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/21/2019 | 10:31am EDT
FILE PHOTO: The Nestle logo is seen during the opening of the 151st Annual General Meeting of Nestle in Lausanne

SAO PAULO (Reuters) - Nestle SA said on Wednesday it will invest 1 billion reais (about $250 million) in Brazil's Sao Paulo state over the next three years to introduce new production lines and technologies in existing factories, as well as push forward a digital transformation.

The announcement comes as the Sao Paulo Governor João Dória, strives to draw investments to the state and boost industrial jobs in Brazil's historic manufacturing center. On Aug. 9, he unveiled during a trip to China that Huawei Technologies Co Ltd would invest $800 million to build a second plant in Sao Paulo.

"Sao Paulo state is greatly important to our story, as it hosted our very first factory (in Brazil)," Chief Executive for Nestle Brasil Marcelo Melchior said in a statement.

Nestle, the world's largest food producer, employs 12,000 people directly and, the company said, more than 100,000 indirectly in Sao Paulo only. Over the last five years, its Brazilian subsidiary invested 2 billion reais in the state, according to the statement.

(Reporting by Gabriela Mello; Editing by Steve Orlofsky)

By Gabriela Mello

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NESTLÉ S.A.
09:24aTransaction of 1,800 shares of Nestle Pakistan Limited
AQ
09/18NESTLE S A : accelerates action to tackle climate change and commits to zero net..
AQ
09/18NESTLE S A : inaugurates packaging research institute, first-of-its-kind in the ..
AQ
09/13NESTLE S A : inaugurates packaging research institute, first-of-its-kind in the ..
AQ
09/13NESTLE S A : accelerates action to tackle climate change and commits to zero net..
AQ
09/12NESTLE S A : institute aims to develop packaging of the future
RE
09/12Nestle Commits to Zero Net Carbon Emissions by 2050
DJ
09/11Ivory Coast, Ghana looking to regulate cocoa industry's sustainability scheme..
RE
09/11MARTIN SORRELL : Account wins put Sorrell's S4 Capital on course to double in si..
RE
09/10No more burgers and coke? Climate fears hit meat, drink sales
RE
More news
Financials (CHF)
Sales 2019 94 143 M
EBIT 2019 16 628 M
Net income 2019 12 469 M
Debt 2019 30 922 M
Yield 2019 2,52%
P/E ratio 2019 25,3x
P/E ratio 2020 23,9x
EV / Sales2019 3,61x
EV / Sales2020 3,52x
Capitalization 309 B
Chart NESTLÉ S.A.
Duration : Period :
Nestlé S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NESTLÉ S.A.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 111,31  CHF
Last Close Price 106,94  CHF
Spread / Highest target 14,1%
Spread / Average Target 4,08%
Spread / Lowest Target -17,7%
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
Sector and Competitors
1st jan.Capitalization (M$)
NESTLÉ S.A.33.96%310 479
MONDELEZ INTERNATIONAL36.70%78 914
DANONE30.35%57 462
THE KRAFT HEINZ COMPANY-33.99%34 660
GENERAL MILLS40.04%32 908
THE HERSHEY COMPANY42.80%32 076