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    NESN   CH0038863350

NESTL╔ S.A.

(NESN)
  Report
Real-time Estimate Cboe Europe  -  05:11:53 2023-02-09 am EST
110.29 CHF   -0.08%
02/08Some European firms may reverse last year's big price hikes
RE
02/07French Court to Review Compensation Case Against Nestlé Over E. coli Poisonings in May
MT
02/07Nestlé Purina PetCare to Buy Red Collar Pet Foods' US Factory
MT
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REUTERS NEXT-Amid health fears, plastic makers pledge greater transparency over chemicals

11/30/2022 | 05:30am EST

Nov 30 (Reuters) - Plastic makers need to be more transparent about the chemicals used in their products, a leading chemicals industry group has said, as concern mounts about the health impacts of the everyday material finding its way into the food chain and human bodies.

Tiny fragments of plastic have been found in blood samples, stools and placentas of unborn babies, recent studies have shown. Scientists are trying to understand the health risks of this new phenomenon, but concerns range from the impact on organs to how some plastic additives might disrupt hormonal systems.

"We certainly recognise that on the issue of additives in particular there is a need for more information and increased transparency," Stewart Harris, senior director for global plastics policy at the American Chemistry Council (ACC), told a panel at the Reuters NEXT conference.

A lack of clarity from the plastics industry over the chemical composition of some materials has presented one of the challenges to understanding risks, according to advocacy groups such as the International Pollutants Elimination Network.

The ACC's Harris said that a proposed United Nations treaty to tackle plastic waste, due to be finalised by 2024, could provide global measures "to make sure that we do know what's going into different products and different packaging."

Speaking on the same panel, Japan's lead negotiator on the treaty, Hiroshi Ono, said more scientific research was needed to understand the health impacts of plastics and that it was not certain whether the treaty would address this issue, given other international conventions already regulate hazardous substances.

Jodie Roussell, public affairs lead for packaging and sustainability at Swiss consumer goods giant Nestle, told the panel she hoped the treaty would help establish global quality controls for plastic, especially recycled plastic.

Roussell said in lieu of such standards, Nestle has established its own quality controls and a black list for certain materials. International standards would help with "levelling the playing field and ensuring a fair distribution of responsibility across the value chain," Roussell said.

To view the Reuters NEXT conference live on Nov. 30 and Dec. 1, please click here. (Reporting by John Geddie; Editing by Kenneth Maxwell)


ę Reuters 2022
All news about NESTL╔ S.A.
02/08Some European firms may reverse last year's big price hikes
RE
02/07French Court to Review Compensation Case Against Nestlé Over E. coli Poisonings in May
MT
02/07Nestlé Purina PetCare to Buy Red Collar Pet Foods' US Factory
MT
02/07Carlsberg warns price hikes may hit beer sales in 2023
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01/29Nestlé Plans $100 Million Investment To Boost Colombian Operations
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Analyst Recommendations on NESTL╔ S.A.
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Financials
Sales 2022 94 824 M 103 B 103 B
Net income 2022 11 414 M 12 392 M 12 392 M
Net Debt 2022 43 670 M 47 412 M 47 412 M
P/E ratio 2022 26,1x
Yield 2022 2,69%
Capitalization 305 B 331 B 331 B
EV / Sales 2022 3,67x
EV / Sales 2023 3,59x
Nbr of Employees 276 000
Free-Float 97,9%
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Technical analysis trends NESTL╔ S.A.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 110,38 CHF
Average target price 119,95 CHF
Spread / Average Target 8,67%
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
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