Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. Nestlé S.A.
  6. News
  7. Summary
    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nestle 1st Half Profit Rose, Raises 2021 Sales Growth Guidance

07/29/2021 | 01:53am EDT

By Giulia Petroni

Nestle SA said Thursday that net profit rose in the first half and raised its full-year organic sales growth guidance.

The Swiss food and beverage giant said net profit for the period was 5.9 billion Swiss francs ($6.48 billion), up 1.1% compared with the year-earlier period.

Sales came in at CHF41.76 billion, up from CHF41.15 billion. Real internal growth for the period was 6.8%, while organic growth reached 8.1%.

"Organic growth was strong across most geographies and categories, with robust momentum in retail sales and a return to growth in out-of-home channels," Chief Executive Officer Mark Schneider.

Nestle said it now expects full-year organic sales growth between 5% and 6%. The underlying trading operating profit margin is expected around 17.5%, reflecting time delays between input cost inflation and pricing, as well as integration costs related to the acquisition of The Bountiful Company's core brands.

The company said it expects underlying earnings per share at constant currency and capital efficiency to increase this year, while the mid-term outlook for continued moderate margin improvement remains unchanged.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

07-29-21 0152ET

Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ S.A. 0.12% 114.38 Delayed Quote.9.71%
All news about NESTLÉ S.A.
09/16GLOBAL MARKETS LIVE : Thales, Nestlé, Evergrande, AMC, Walmart...
09/16NESTLE S A : Nestlé To Invest $1.42 Billion In Regenerative Farming Transition
MT
09/16NESTLE S A : Nestlé unveils plans to support the transition to a regenerative fo..
PU
09/15NESTLE : Receives a Buy rating from Goldman Sachs
MD
09/13NESTLE S A : Yumda - Sex can relieve nasal congestion, and other work honored by..
AQ
09/10NESTLE S A : Judge unimpressed by latest argument in Abu Ghraib case
AQ
09/10NESTLE S A : Nestlé Expects Higher Input Cost Inflation In 2022, CFO Says
MT
09/09Nestle sees higher input cost inflation next year
RE
09/09NESTLE S A : Transcript 286kb
PU
09/06NESTLE : Gets a Buy rating from Bernstein
MD
More news
Analyst Recommendations on NESTLÉ S.A.
More recommendations
Financials
Sales 2021 85 996 M 92 265 M 92 265 M
Net income 2021 12 120 M 13 004 M 13 004 M
Net Debt 2021 35 531 M 38 121 M 38 121 M
P/E ratio 2021 26,4x
Yield 2021 2,50%
Capitalization 315 B 338 B 338 B
EV / Sales 2021 4,07x
EV / Sales 2022 3,93x
Nbr of Employees 273 000
Free-Float 97,6%
Chart NESTLÉ S.A.
Duration : Period :
Nestlé S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NESTLÉ S.A.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 114,38 CHF
Average target price 122,48 CHF
Spread / Average Target 7,08%
EPS Revisions
Managers and Directors
Ulf Mark Schneider Chief Executive Officer & Director
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Paul Bulcke Chairman
Stefan Palzer Chief Technology Officer & Executive VP
Magdi Batato Head-Operations & Executive Vice President
Sector and Competitors
1st jan.Capi. (M$)
NESTLÉ S.A.9.71%337 968
MONDELEZ INTERNATIONAL, INC.4.22%85 183
YIHAI KERRY ARAWANA HOLDINGS CO., LTD-36.95%57 269
DANONE10.34%45 317
THE KRAFT HEINZ COMPANY5.45%44 715
THE HERSHEY COMPANY14.93%36 071