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

NESTLÉ S.A.

(NESN)
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Nestle S A : Nestlé acquires Essentia, expands presence in premium functional water segment

03/05/2021 | 01:09pm EDT

Nestlé USA today announced that it has acquired Essentia Water ('Essentia'), a premium functional water brand headquartered in Bothell, Washington. Essentia pioneered ionized alkaline water more than twenty years ago and is the leading brand in that space in the U.S. Essentia's 2020 sales were USD 192 million.

This transaction is part of Nestlé's continued transformation of its global water business, which was announced in June 2020. The company is sharpening its portfolio to focus on international premium and mineral water brands and healthy hydration products, such as functional water. This follows the agreement to sell Nestlé's U.S. and Canadian regional spring water brands, purified water business and beverage delivery service announced in February.

'With the addition of Essentia we continue to transform and best position our water business for long-term profitable growth here in the U.S. and globally,' said Steve Presley, Chairman and CEO of Nestlé USA. 'We are excited to welcome the Essentia team to the Nestlé family as we expand our premium water portfolio. Essentia gives us an immediate strong presence in the high-growth, functional water segment and supports our efforts to capture opportunities with emerging consumer trends such as healthy hydration.'

Read the full Nestlé USA press release

Disclaimer

Nestlé SA published this content on 05 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2021 18:08:02 UTC.


© Publicnow 2021
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Financials
Sales 2021 84 643 M 91 665 M 91 665 M
Net income 2021 11 971 M 12 964 M 12 964 M
Net Debt 2021 31 953 M 34 604 M 34 604 M
P/E ratio 2021 25,3x
Yield 2021 2,62%
Capitalization 305 B 331 B 330 B
EV / Sales 2021 3,98x
EV / Sales 2022 3,88x
Nbr of Employees 273 000
Free-Float 96,6%
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 114,19 CHF
Last Close Price 108,30 CHF
Spread / Highest target 20,0%
Spread / Average Target 5,44%
Spread / Lowest Target -13,2%
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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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