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

NESTLÉ S.A.

(NESN)
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Nestle to Invest Up to CHF2 Billion in Sustainable Packaging

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01/16/2020 | 02:32am EST

By Giulia Petroni

Nestle SA (NESN.EB) said Thursday that it will invest up to 2 billion Swiss francs ($2.1 billion) in sustainable packaging solutions, part of its commitment to make its packaging fully recyclable or reusable by 2025.

The Swiss food-and-beverage company said it plans to reduce its use of virgin plastics by one third by 2025 and source up to 2 million metric tons of food-grade recycled plastics. Additionally it plans to allocate more than CHF1.5 billion to pay a premium for these materials by 2025.

"Food quality and safety are paramount, and packaging plays a major role in assuring this," said Nestle.

The company also said it will launch a CHF250 million sustainable packaging venture fund to invest in start-up companies that focus in these areas.

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. 0.26% 109.64 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 2,57%
P/E ratio 2020 24,9x
P/E ratio 2021 23,5x
EV / Sales2020 3,79x
EV / Sales2021 3,69x
Capitalization 315 B
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Technical analysis trends NESTLÉ S.A.
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 112,38  CHF
Last Close Price 109,36  CHF
Spread / Highest target 11,6%
Spread / Average Target 2,76%
Spread / Lowest Target -16,8%
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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