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    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
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Nestle - COVID-19: Nestle supports equitable vaccination through COVAX

04/08/2021 | 08:50am EDT

Nestle is today joining the drive to speed up vaccination against COVID-19 and ensure broad, equitable distribution of vaccines to developing countries.

We are announcing a CHF 2 million donation to the COVID-19 Solidarity Response Fund to support COVAX, the global facility for the procurement and equitable distribution of COVID-19 vaccines. This builds on our ongoing efforts to support communities around the world during the pandemic.

The deployment of vaccines has started in a number of countries. At the same time, broad and equitable access to vaccines is still lacking because of a major financing gap.

Nestle CEO Mark Schneider: 'The COVID-19 pandemic has cost too many lives and livelihoods. The speedy development of vaccines has given us hope, but the job isn't done until there is access everywhere in the world. That is why we are supporting COVAX to reach those most in need. We urge everyone to help close this funding gap as soon as possible.'

Nestle supported the search for a vaccine with a donation to the Coalition for Epidemic Preparedness Innovations (CEPI), which manages the COVAX facility together with WHO and the Global Alliance for Vaccines and Immunization (GAVI). The focus is now on the delivery of COVID-19 vaccines to help communities worldwide find their way out of this crisis.

Nestle has been responding to the COVID-19 crisis by protecting our employees, by maintaining global food supply chains and by giving a helping hand in our local communities.

Since March 2020, we have provided assistance to those fighting the crisis with an estimated CHF 90 million in financial and in-kind donations across various countries.

Efforts have included supporting caregivers and strengthening healthcare systems through a partnership with the International Federation of Red Cross and Red Crescent Societies. We have also helped respond to hunger and poverty, including a partnership with the European Federation of Food Banks.

Contact:

T: 1800 103 1947

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 85 531 M 95 220 M 95 220 M
Net income 2021 12 012 M 13 373 M 13 373 M
Net Debt 2021 32 685 M 36 388 M 36 388 M
P/E ratio 2021 25,6x
Yield 2021 2,60%
Capitalization 309 B 343 B 344 B
EV / Sales 2021 3,99x
EV / Sales 2022 3,88x
Nbr of Employees 273 000
Free-Float 97,7%
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 117,76 CHF
Last Close Price 109,62 CHF
Spread / Highest target 19,5%
Spread / Average Target 7,43%
Spread / Lowest Target -11,5%
EPS Revisions
Managers and Directors
NameTitle
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
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