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    NESN   CH0038863350

NESTL╔ S.A.

(NESN)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 11/29 07:23:28 am
120.47 CHF   -0.02%
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11/25Holcim Extends Chairman's Term Until Spring 2023
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11/23CORRECTION : S&P Keeps Ratings, Stable Outlook On Nestlé
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nestle Raises Organic-Growth Guidance After 9-Month Sales Rose -- Update

10/20/2021 | 12:22am EST

By Giulia Petroni

Nestle SA said Wednesday that sales rose in the first nine months of the year and raised its full-year guidance for organic sales growth.

The Swiss food-and-beverage giant reported sales of 63.29 billion Swiss francs ($68.60 billion) in the period, up from CHF61.91 billion in the previous year. Company-compiled consensus had forecast the figure at CHF62.93 billion.

Organic sales growth was 7.6%, with real internal growth of 6%, the company said. Pricing increased to 1.6%, accelerating to 2.1% in the third quarter.

Nestle said growth was supported by continued momentum in retail sales, a steady recovery in the out-of-home channels due to further easing of restrictions, as well as increased pricing and market-share gains.

Coffee was the largest contributor to growth in the period, boosted by the Nescafe, Nespresso and Starbucks brands. Purina PetCare and vegetarian and plant-based food recorded double-digit growth.

Nestle said sales at Nestle Health Science also grew at a double-digit rate, reflecting strong demand for vitamins and supplements, while nutrition posted negative growth due to lower birth rates worldwide and a sales decline in China.

Looking at the full year, the company said it now expects organic sales growth between 6% and 7%, from previous guidance of between 5% and 6%.

As previously announced, the underlying trading operating profit margin is expected around 17.5%, reflecting delays between input cost inflation and pricing, while underlying earnings per share at constant currency and capital efficiency are expected to increase during the year.

The mid-term outlook for continued moderate margin improvement remains unchanged.

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

(END) Dow Jones Newswires

10-20-21 0222ET

Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ S.A. 0.17% 120.68 Delayed Quote.15.58%
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Analyst Recommendations on NESTL╔ S.A.
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Financials
Sales 2021 87 015 M 94 097 M 94 097 M
Net income 2021 12 147 M 13 135 M 13 135 M
Net Debt 2021 35 943 M 38 868 M 38 868 M
P/E ratio 2021 27,8x
Yield 2021 2,37%
Capitalization 331 B 359 B 358 B
EV / Sales 2021 4,22x
EV / Sales 2022 4,05x
Nbr of Employees 273 000
Free-Float 97,6%
Chart NESTL╔ S.A.
Duration : Period :
NestlÚ S.A. Technical Analysis Chart | NESN | CH0038863350 | MarketScreener
Technical analysis trends NESTL╔ S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 120,50 CHF
Average target price 124,85 CHF
Spread / Average Target 3,61%
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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