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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Nestlé (Malaysia)    NESTLE   MYL4707OO005

NESTLÉ (MALAYSIA)

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Nestle Malaysia : NESCAFÉ Celebrates International Coffee Month

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10/05/2020 | 12:05am EDT
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Fri, 10/02/2020 - 14:16

PETALING JAYA, October 1, 2020 - Celebrating International Coffee Month, the world's favourite coffee brand, NESCAFÉ, is putting the spotlight on its commitment to sustainability with its latest campaign, 'NESCAFÉ Disemai dengan kasih, dinikmati sepenuh hati' (NESCAFÉ Grown with respect, savoured with love).

Showcasing the sustainable journey of a single coffee bean from farm to cup, the campaign highlights the immense care NESCAFÉ takes to ensure the quality of every bean used in its products to satisfy coffee lovers. Going beyond delivering a great cup of coffee to consumers, this is part of the brand's commitment to create a sustainable coffee ecosystem, founded on respect for farming communities and for the planet.

NESCAFÉ has already fully transitioned to using only 100% 4C certified coffee beans for all its products produced in Malaysia. The 4C Code of Conduct is an internationally recognised sustainability standard for the entire coffee sector, aimed at driving sustainability in coffee supply chains. Today, all of NESCAFÉ Malaysia's coffee beans are ethically sourced and meet the 28 principles under the 4C.

Mr Juan Aranols, Chief Executive Officer, Nestlé (Malaysia) Berhad, said, 'Nestlé's purpose is to unlock the power of food to enhance the quality of life for everyone, today and for generations to come. NESCAFÉ is fully living up to this purpose. As we celebrate International Coffee Month, we are pleased to highlight NESCAFÉ's sustainability journey. In Malaysia, our coffee beans are all sustainably and responsibly sourced from the best coffee growing regions in the world. We are committed to deliver the best-tasting coffee to all Malaysians while ensuring care and respect across our entire supply chain, starting from the farmers.

In addition, NESCAFÉ is also actively improving sustainability across its value chain. In 2019, NESCAFÉ Malaysia launched the NESCAFÉ Grown Respectfully programme aimed at reviving coffee farming in Malaysia, starting with Kedah. To date, the programme has benefited more than 100 farmers and foundations are in place to accelerate this progress in the coming years.

Mr Othman Chraibi, Business Executive Officer for NESCAFÉ, said, 'Our objective is to ensure the future of great quality coffee is sustainable, while enhancing the livelihoods of local farmers and rural communities. From helping farmers grow better crops to protecting the environment through sharing best agricultural practices, our latest campaign in conjunction with International Coffee Month demonstrates how NESCAFÉ is grown with respect, to be savoured with love by Malaysians.'

Starting July 2020, all NESCAFÉ Malaysia product packaging will feature the Grown Respectfully logo, assuring consumers on the brand's commitment to nurture a sustainable coffee supply chain.

About Nestlé Malaysia
Nestlé, the world's largest food and beverage manufacturer and a leader in Nutrition, Health and Wellness, is headquartered in Switzerland. Since 1866, Nestlé has been committed to providing high quality, tasty, safe and nutritious products to our consumers, in line with our promise of Good Food, Good Life. Nourishing Malaysians since 1912, Nestlé has earned the trust of our consumers through our quality brands and products, as well as our commitment to improve the lives of the communities in which we operate. At Nestlé, our consumers are at the heart of everything we do. We aim to delight our consumers by offering the best quality products; staying true to our Swiss roots while maintaining our Halal excellence and integrity. To learn more about how we have been nourishing Malaysians for over a century, do visit www.nestle.com.my or our Facebook page at http://www.facebook.com/Nestle.Malaysia

Contacts

Maxine Lim
Nestlé (Malaysia) Berhad
Tel: (+603) 7965 6650
Mobile: +6012 353 1337
E-mail: [email protected]

Alya Nurina or Yasmin Kadir
Acorn ommunications
Tel: (+603) 7958 8348
Mobile: +6010 221 8216 (Alya) / +6017 237 9048 (Yasmin)
E-mail: [email protected]

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Disclaimer

Nestlé (Malaysia) Bhd published this content on 02 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2020 03:04:07 UTC


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Financials
Sales 2020 5 567 M 1 341 M 1 341 M
Net income 2020 625 M 150 M 150 M
Net Debt 2020 365 M 87,9 M 87,9 M
P/E ratio 2020 53,5x
Yield 2020 1,86%
Capitalization 33 135 M 7 970 M 7 980 M
EV / Sales 2020 6,02x
EV / Sales 2021 5,76x
Nbr of Employees 4 499
Free-Float 18,5%
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Mean consensus UNDERPERFORM
Number of Analysts 13
Average target price 127,22 MYR
Last Close Price 141,30 MYR
Spread / Highest target 7,57%
Spread / Average Target -9,97%
Spread / Lowest Target -29,0%
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Managers
NameTitle
Juan Aranols Chief Executive Officer & Executive Director
Zainol Anwar ibni Putra Jamalullail Chairman
Craig Grant Connolly Chief Financial Officer & Executive Director
Alessandro Monica Executive Director-Technical & Production
Frits Wout Marie van Dijk Independent Non-Executive Director
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