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    NESN   CH0038863350

NESTL╔ S.A.

(NESN)
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Nestle 9-Month Sales Rose; Raises Organic Growth Guidance

10/20/2021 | 01:55am EST

By Giulia Petroni

Nestle SA said Wednesday that sales rose in the first nine months of the year and raised its full-year guidance for organic sales growth.

The Swiss food-and-beverage giant reported sales of 63.29 billion Swiss francs ($68.60 billion) in the period, up from CHF61.91 billion in the previous year. A company-compiled consensus forecast had the figure at CHF62.93 billion.

Organic sales growth was 7.6%, with real internal growth of 6%, the company said. Pricing increased to 1.6%, accelerating to 2.1% in the third quarter.

Nestle said growth was supported by continued momentum in retail sales, a steady recovery in the out-of-home channels as well as increased pricing and market-share gains.

Looking at the full year, the company said it now expects organic sales growth between 6% and 7%, from previous guidance of between 5% and 6%.

As previously announced, the underlying trading operating profit margin is expected around 17.5%, while underlying earnings per share at constant currency and capital efficiency are expected to increase during the year.

The mid-term outlook for continued moderate margin improvement remains unchanged.

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

(END) Dow Jones Newswires

10-20-21 0154ET

Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ S.A. 0.87% 118.82 Delayed Quote.12.99%
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Analyst Recommendations on NESTL╔ S.A.
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Financials
Sales 2021 86 976 M 94 752 M 94 752 M
Net income 2021 12 123 M 13 207 M 13 207 M
Net Debt 2021 35 960 M 39 175 M 39 175 M
P/E ratio 2021 27,4x
Yield 2021 2,40%
Capitalization 327 B 356 B 356 B
EV / Sales 2021 4,17x
EV / Sales 2022 4,00x
Nbr of Employees 273 000
Free-Float 97,6%
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Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 118,82 CHF
Average target price 125,62 CHF
Spread / Average Target 5,73%
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Managers and Directors
Ulf Mark Schneider Chief Executive Officer & Director
Franšois-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
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