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

NESTLÉ S.A.

(NESN)
  Report
Delayed Quote. Delayed Swiss Exchange - 11/26 11:15:55 am
102.68 CHF   +0.73%
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Nestle Lifts 2020 Guidance Following 3Q Sales Growth -- Update

10/21/2020 | 03:35am EST

-Nestle expects organic sales growth at around 3% in the full year.

-Sales fell in the first nine months partly due to currency effects

-Portfolio review is on track, expected to be finalized in early 2021

By Giulia Petroni

Nestle SA raised its full-year guidance for organic sales growth on Wednesday after reporting 4.9% growth in the third quarter.

The Swiss food-and-beverage giant's sales in the first nine months were down 9.4% to 61.91 billion Swiss francs ($68.24 billion) compared to the previous-year period, largely due to foreign exchange currency effects. A company-compiled consensus had forecast sales at CHF62.09 billion.

Organic sales growth in the nine months was 3.5%, with real internal growth of 3.3%, boosted by a strong performance in the Americas and demand for pet food and health products, the company said.

Nestle raised its guidance for the full year, saying it now expects organic sales growth at around 3%. It had previously targeted organic growth in the range of 2% to 3%.

It also said it expects underlying trading operating profit margin to improve, and underlying earnings per share at constant currencies and capital efficiency to increase.

Demand for at-home consumption products was strong throughout the period, while the out-of-home products' performance remained negative. E-commerce increased, reaching 12.3% of the total group's sales.

Nestle said Purina PetCare was the largest contributor to the company's growth, boosted by premium brands Purina Pro Plan, Purina ONE and Felix.

Health Science posting double-digit growth, reflecting an increased demand for products supporting people's immune systems during the pandemic. Confectionary and water registered a sales decrease mainly due to their exposure to out-of home channels, according to the company.

The strategic reviews of part of the North American waters business as well as of the peanut milk and porridge business in China are on track and expected to be completed early next year, Nestle said.

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

(END) Dow Jones Newswires

10-21-20 0334ET

Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ S.A. 0.59% 102.68 Delayed Quote.-2.71%
All news about NESTLÉ S.A.
01:18aBusiness rights or human rights? Swiss vote shines spotlight on companies
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11/25NESTLE : Gets a Buy rating from JP Morgan
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11/25Nestle Agrees to Sell Yinlu Food Businesses in China
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11/25NESTLE S A : sells Yinlu business in China amid portfolio cleanup
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11/12NESTLE S A : Changes in the Executive Board of Nestlé S.A.
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11/12NESTLE S A : Changes in the Executive Board of Nestlé S.A.
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More news
Financials
Sales 2020 84 945 M 93 624 M 93 624 M
Net income 2020 11 697 M 12 892 M 12 892 M
Net Debt 2020 30 184 M 33 268 M 33 268 M
P/E ratio 2020 25,1x
Yield 2020 2,67%
Capitalization 284 B 312 B 313 B
EV / Sales 2020 3,70x
EV / Sales 2021 3,67x
Nbr of Employees 291 000
Free-Float 93,5%
Chart NESTLÉ S.A.
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Nestlé S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends NESTLÉ S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 117,02 CHF
Last Close Price 101,94 CHF
Spread / Highest target 27,5%
Spread / Average Target 14,8%
Spread / Lowest Target -7,79%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Stefan Palzer Chief Technology Officer
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