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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Nestlé    NESN   CH0038863350

NESTLÉ (NESN)
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Nestle : DC Stands for Dogs and Cats!

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10/03/2017 | 03:23pm CET

WASHINGTON, Oct. 2 -- The Human Animal Bond Research Initiative Foundation issued the following news release:

Members of Congress have been bringing pets to work since the nation's founding. A new survey confirms that Capitol Hill remains a very pet-friendly workplace today, with a solid majority of House and Senate offices who responded to the survey saying they welcome pets at work on the Hill.

The survey included in-person interviews in House and Senate offices during August, 2017, and was sponsored by Nestle Purina PetCare and conducted on behalf of the Human Animal Bond Research Institute (HABRI), to call attention to the benefits of pet-friendly workplaces. The Hill survey findings paint a picture of a very pet-friendly workplace:

* More than 80 percent of the 192 House and Senate offices who responded say they welcome pets in the office, either during recess, while Congress is in session, or both. By comparison, according to the Society for Human Resource Management, just 7% of American workplaces allow pets.

* The pet-friendly Hill office findings were relatively consistent across party lines, geographic regions, and both chambers, suggesting wide bipartisan support for having pets at work.

"The bond we share with pets is something we can all agree on," said Dr. Kurt Venator, DVM, PhD, and Chief Veterinary Officer at Purina. "We've been bringing our own dogs and cats with us to work for decades, because we believe life is better with pets. We know that pets help us de-stress, lower blood pressure, get our exercise, and even forge stronger social connections."

Steven Feldman, Executive Director of HABRI, agrees: "Scientific research shows that pets in the workplace can boost productivity, collaboration and employee satisfaction," said Feldman. "We hope that more companies and workplaces will follow the lead of Congress to begin to think about pets as a way to boost employee health and wellness."

Pets have had a presence in Congress from the beginning. In a recent interview, the Assistant Senate Historian, Dan Holt, said senators used to bring their hunting dogs into the Old Senate Chamber -- to sit right by their feet during floor debates. Circa 1800, congressional rules were enacted to prohibit pets on the Chamber floors. Congressional rules, however, permit pets nearly everywhere else on Capitol Hill, and staffers are almost universally aware that pets are permitted throughout congressional buildings, with few limitations.

The rich tradition of pets on Capitol Hill continues through today. According to Congressional historians and media reports:

* Dozens of members of congress and their staffers are regularly seen accompanied by their four-legged friends in and around Capitol Hill offices. Some dogs are known as being greeters to visitors to their offices.

* Some congressional pets even have their own business cards, like Oklahoma Rep. Jim Bridenstine's "Spaniel & Statesman," Oliver

* Staffers sometimes announce when pets are in the office, as with a recent dog photo and note taped to Tennessee Rep. Steve Cohen's office door stating, "Stevie is in the House!"

On October 4, 2017, HABRI and the Pet Leadership Council will bring the pet care community together to celebrate Pet Night on Capitol Hill. The event will include therapy animals and treat stations (for pets and humans). For more information, please visit www.petnight.com.

"Purina actively supports pets at work, pets in hospitals and pets in domestic violence shelters," added Dr. Venator. "We also support legislation that helps keep pets and people together, including the Pet and Women Safety (PAWS) Act (H.R. 909, S. 322), and hope that this survey and Pet Night on Capitol Hill will help remind policymakers and the public about the importance of pets in our lives."

About Nestle Purina PetCare

Nestle Purina PetCare promotes responsible pet care, community involvement and the positive bond between people and their pets. A premiere global manufacturer of pet products, Nestle Purina PetCare is part of Swiss-based Nestle S.A., a global leader in nutrition, health and wellness.

About HABRI

HABRI is a not-for-profit organization that maintains the world's largest online library of human-animal bond research and information; funds innovative research projects to scientifically document the health benefits of companion animals; and informs the public about human-animal bond research and the beneficial role of companion animals in society. For more information, please visit www.habri.org.

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Financials ( CHF)
Sales 2017 90 093 M
EBIT 2017 13 891 M
Net income 2017 9 823 M
Debt 2017 14 732 M
Yield 2017 2,78%
P/E ratio 2017 26,49
P/E ratio 2018 23,78
EV / Sales 2017 3,13x
EV / Sales 2018 3,04x
Capitalization 267 B
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 89,1  CHF
Spread / Average Target 3,9%
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Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
Paul Bulcke Chairman
Magdi Batato Executive Vice President & Head-Operations
François-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
Stefan Catsicas Chief Technology Officer & Executive VP
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