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

NESTLÉ S.A.

(NESN)
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Nestle Serves Up New Veggie Burger and Mince in Europe

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08/23/2019 | 09:58am EDT

By Dieter Holger

Nestle SA (NESN.EB) has a renewed version of its plant-based burger and new vegetarian "minced beef" for Europeans as it stocks its pantry with environmentally-friendly food to meet rising demand.

The Swiss food giant said Friday it has refreshed its Garden Gourmet Incredible Burger seven months after its launch, following customer feedback.

Looking ahead, Nestle's chefs and plant-based food experts are developing "nutritious veggie-centric balls, patties and bites," said Wayne England, head of Nestle's food business.

"This autumn we are launching a next generation that we are sure people will appreciate," he said.

Write to Dieter Holger at dieter.holger@dowjones.com; @dieterholger

Corrections & Amplifications

This item was corrected at 1459 GMT to show that Nestle is a Swiss company, not a French company.

Stocks mentioned in the article
ChangeLast1st jan.
LONDON COFFEE -1.07% 1765 End-of-day quote.0.00%
LONDON SUGAR 0.41% 321.7 End-of-day quote.-3.68%
NESTLÉ S.A. 0.04% 106.94 Delayed Quote.33.96%
NEW YORK COCOA 0.46% 2394 End-of-day quote.-1.03%
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Financials (CHF)
Sales 2019 94 171 M
EBIT 2019 16 635 M
Net income 2019 12 474 M
Debt 2019 30 918 M
Yield 2019 2,52%
P/E ratio 2019 25,2x
P/E ratio 2020 23,9x
EV / Sales2019 3,61x
EV / Sales2020 3,52x
Capitalization 309 B
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 111,31  CHF
Last Close Price 106,90  CHF
Spread / Highest target 14,1%
Spread / Average Target 4,12%
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
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