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    NESN   CH0038863350

NESTLÉ S.A.

(NESN)
  Report
Delayed Quote. Delayed Swiss Exchange - 06/18 11:31:42 am
115.5 CHF   +0.03%
06:25aEUROPEAN MIDDAY BRIEFING  : Stocks Slip as -2-
DJ
02:58aNESTLE  : Barclays keeps its Buy rating
MD
12:27aEMEA MORNING BRIEFING  : Cautious Post-Fed Action to Hold Back Shares
DJ
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nestle 9-Months Sales Fell; 2020 Guidance Raised

10/21/2020 | 02:04am EDT

By Giulia Petroni

Nestle SA said Wednesday that sales fell in the first nine months of the year, but raised its full-year guidance.

The Swiss food-and-beverage giant reported sales at 61.91 billion Swiss francs ($68.24 billion) in the period, down from CHF68.37 billion in the previous year. A company-compiled consensus forecast had seen sales at CHF62.09 billion.

Organic sales growth was 3.5%, with real internal growth of 3.3%, boosted by a strong performance in the Americas, Purina PetCare and Nestle Health Science, the company said.

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

Nestle raised its full-year guidance, 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, as well as capital efficiency, to increase.

Nestle said the strategic review of some of its businesses, including part of the North American waters business, is fully on track and expected to be completed early next year.

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

(END) Dow Jones Newswires

10-21-20 0203ET

Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ S.A. 0.03% 115.5 Delayed Quote.10.74%
All news about NESTLÉ S.A.
06:25aEUROPEAN MIDDAY BRIEFING  : Stocks Slip as -2-
DJ
02:58aNESTLE  : Barclays keeps its Buy rating
MD
12:27aEMEA MORNING BRIEFING  : Cautious Post-Fed Action to Hold Back Shares
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06/15NESTLE  : JP Morgan gives a Buy rating
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More news
Financials
Sales 2021 85 602 M 92 873 M 92 873 M
Net income 2021 12 003 M 13 023 M 13 023 M
Net Debt 2021 33 090 M 35 901 M 35 901 M
P/E ratio 2021 27,0x
Yield 2021 2,47%
Capitalization 325 B 353 B 353 B
EV / Sales 2021 4,19x
EV / Sales 2022 4,06x
Nbr of Employees 273 000
Free-Float 97,7%
Chart NESTLÉ S.A.
Duration : Period :
Nestlé S.A. Technical Analysis Chart | NESN | CH0038863350 | MarketScreener
Technical analysis trends NESTLÉ S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 118,73 CHF
Last Close Price 115,46 CHF
Spread / Highest target 16,9%
Spread / Average Target 2,83%
Spread / Lowest Target -16,0%
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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