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

NESTLÉ (NESN)
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Nestle : strengthens its research capabilities in Switzerland

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05/25/2018 | 04:23pm CEST

Vevey, Switzerland - Nestle has today announced changes that further strengthen its research and development operations, the largest of any food company worldwide.

Nestle will bring together its two scientific discovery units, the Nestle Research Center and the Nestle Institute of Health Sciences, to build one impactful organization, Nestle Research. The combination of two world-renowned research facilities with highly complementary capabilities will take Nestle's important research work to a new level.

Nestle continuously develops new products and services that offer tastier and healthier choices to consumers. This includes reducing sugar, salt and saturated fat content and increasing positive nutrients to improve the nutritional profile of its products. The company also addresses wider issues through science and technology, such as non-communicable diseases, micronutrient deficiencies and sustainability. Nestle's researchers collaborate with world-leading scientists at local and international academic institutions, enabling them to make impactful scientific discoveries and to advance the quality of Nestle's products.

'Nestle's success is built on meeting fast-changing consumer demand around the world. In this dynamic environment innovation leadership is key to winning in the marketplace,' said Nestle CEO Mark Schneider. 'Strengthening our discovery research capabilities will give us an edge when it comes to developing the technologies for the next generation of must-have products.'

Nestle Research will be based in Lausanne, Switzerland and will employ approximately 800 people. It will consist of three major research institutes: Health Sciences, Material Sciences and Food Safety & Analytical Sciences. The new organization will combine fundamental science at the highest level, high-end analytical platforms leveraged by all research teams, and strong prototyping capabilities to accelerate the translation of science into innovation.

The scientific discoveries of Nestle Research are translated by Nestle's category-specific Product and Technology Centers into innovations fueling business growth. An example of such an innovation is the recently launched chocolate bar Milkybar Wowsomes. It contains Nestle's new structured sugar which allows to reduce the sugar content in the chocolate by 30% while using only natural ingredients and no sweeteners. This breakthrough innovation was based on the work of research teams in Switzerland.

'Pushing the boundaries in innovation and developing an understanding of the impact of good nutrition on people's health has been at the core of Nestle since the very beginning of the company,' said Paul Bulcke, Nestle Chairman. 'The strengthening of our research organization will enable us to accelerate insights, discoveries and breakthrough innovations. Switzerland's collaborative research landscape creates the ideal environment for this.'

About R&D at Nestle

Nestle has the world's largest private food and nutrition research organization, involving about 5000 people. With nutrition at its core, Nestle R&D is committed to make the Nestle portfolio even tastier and healthier, to fulfil its purpose of enhancing quality of life of people and contributing to a healthier future. In 2017, Nestle invested about CHF 1.7 billion in R&D. Switzerland remains of central importance for Nestle's global research work, with 58% of its global research budget invested in the country.

Contacts:

Media: Christoph Meier Tel.: +41 21 924 22 00

Investors: Luca Borlini Tel.: +41 21 924 35 09

(C) 2018 Electronic News Publishing, source ENP Newswire

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Financials ( CHF)
Sales 2018 91 973 M
EBIT 2018 15 215 M
Net income 2018 10 518 M
Debt 2018 23 573 M
Yield 2018 3,27%
P/E ratio 2018 21,33
P/E ratio 2019 19,06
EV / Sales 2018 2,83x
EV / Sales 2019 2,74x
Capitalization 237 B
Chart NESTLÉ
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Nestlé Technical Analysis Chart | NESN | CH0038863350 | 4-Traders
Technical analysis trends NESTLÉ
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 84,4  CHF
Spread / Average Target 11%
EPS Revisions
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 Palzer Chief Technology Officer & Executive VP
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