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. NestlÚ S.A.
  6. News
  7. Summary
    NESN   CH0038863350

NESTL╔ S.A.

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

Nestle S A : reports half-year results for 2021, raises full-year organic sales growth guidance

07/30/2021 | 12:06pm EDT

Nestle reports half-year results for 2021, raises full-year organic sales growth guidance.

Highlights:

* Organic growth reached 8.1%, with real internal growth (RIG) of 6.8% and pricing of 1.3%. Growth was supported by continued momentum in retail sales, a return to growth in out-of-home channels, increased pricing and market share gains.

* Total reported sales increased by 1.5% to CHF 41.8 billion (6M-2020: CHF 41.2 billion). Foreign exchange reduced sales by 3.5%, reflecting appreciation of the Swiss franc against most currencies. Net divestitures had a negative impact of 3.1%.

* The underlying trading operating profit (UTOP) margin was 17.4%, unchanged versus the prior year. The trading operating profit (TOP) margin decreased by 20 basis points to 16.7%.

* Underlying earnings per share increased by 10.5% in constant currency and increased by 8.3% on a reported basis to CHF 2.17. Earnings per share increased by 3.2% to CHF 2.12 on a reported basis.

* Free cash flow was CHF 2.8 billion.

Further progress in portfolio management. In April, Nestle entered into an agreement to acquire core brands of The Bountiful Company. The transaction is expected to close in August. On July 26, 2021, Nestle and Starbucks strengthened their collaboration to bring ready-to-drink coffee beverages to select markets across South-East Asia, Oceania and Latin America.

Full-year 2021 outlook updated: we expect full-year organic sales growth between 5% and 6%. The underlying trading operating profit margin is now expected around 17.5%, reflecting initial time delays between input cost inflation and pricing as well as the one-off integration costs related to the acquisition of The Bountiful Company's core brands. Beyond 2021, our mid-term outlook for continued moderate margin improvement remains unchanged. Underlying earnings per share in constant currency and capital efficiency are expected to increase this year.

Mark Schneider, Nestle CEO, commented:'I would like to thank the Nestle team for their continued commitment to meeting consumer needs and their relentless focus on execution. 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. Through fast-paced innovation, strong brand support, increased digitalization and stringent portfolio management we have built the foundation for delivering consistent mid single-digit organic growth for years to come.

Nestle continues to invest for future profitable growth. We are creating a global leader in vitamins, minerals and supplements with the acquisition of The Bountiful Company's core brands. The expansion of our partnership with Starbucks into ready-to-drink coffee will open new opportunities in a fast-growing segment. Our portfolio choices, strong execution and decisive actions on sustainability enable us to create value for all stakeholders.'

Group Results: See full results at:

https://www.nestle.com/media/pressreleases/allpressreleases/half-year-results-2021

Contacts:

Media:

Christoph Meier Tel.: +41 21 924 2200

mediarelations@nestle.com

Investors:

Luca Borlini Tel.: +41 21 924 3509

ir@nestle.com

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ S.A. 0.12% 114.78 Delayed Quote.9.96%
STARBUCKS CORPORATION 0.76% 113.07 Delayed Quote.5.69%
All news about NESTL╔ S.A.
04:55aAAK : Nestlé Team Up to Tackle Deforestation in Indonesia
MT
12:16aNESTLE S A : Nestlé's Blue Bottle Coffee Targets Carbon Neutrality By 2024
MT
09/21NESTLE S A : Blue Bottle Coffee commits to carbon neutrality by 2024
PU
09/21NESTLE : Gets a Buy rating from Bernstein
MD
09/20NESTLE : Buy rating from JP Morgan
MD
09/19Chinese Funds Reportedly Join the Race to Buy Ziwipeak as Pet Food Draws Investors
CI
09/16GLOBAL MARKETS LIVE : Thales, Nestlé, Evergrande, AMC, Walmart...
09/16NESTLE S A : Nestlé To Invest $1.42 Billion In Regenerative Farming Transition
MT
09/16NESTLE S A : Nestlé unveils plans to support the transition to a regenerative food system
PU
09/16NESTLE S A : 2021 bernstein pan european strategic decisions conference nestlé fireside ch..
PU
More news
Analyst Recommendations on NESTL╔ S.A.
More recommendations
Financials
Sales 2021 86 012 M 92 787 M 92 787 M
Net income 2021 12 119 M 13 074 M 13 074 M
Net Debt 2021 35 528 M 38 327 M 38 327 M
P/E ratio 2021 26,5x
Yield 2021 2,49%
Capitalization 316 B 342 B 341 B
EV / Sales 2021 4,08x
EV / Sales 2022 3,94x
Nbr of Employees 273 000
Free-Float 97,6%
Chart NESTL╔ S.A.
Duration : Period :
NestlÚ S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NESTL╔ S.A.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 114,78 CHF
Average target price 122,48 CHF
Spread / Average Target 6,71%
EPS Revisions
Managers and Directors
Ulf Mark Schneider Chief Executive Officer & Director
Franšois-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Paul Bulcke Chairman
Stefan Palzer Chief Technology Officer & Executive VP
Magdi Batato Head-Operations & Executive Vice President
Sector and Competitors
1st jan.Capi. (M$)
NESTLÉ S.A.9.96%341 295
MONDELEZ INTERNATIONAL, INC.2.99%84 177
YIHAI KERRY ARAWANA HOLDINGS CO., LTD-38.16%57 264
DANONE10.73%45 398
THE KRAFT HEINZ COMPANY3.69%43 969
THE HERSHEY COMPANY12.77%35 393