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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Nestle SA    NESN   CH0038863350

NESTLE SA (NESN)

Delayed Quote. Delayed  - 03/29 05:31:46 pm
77.6 CHF   +0.71%
03/28 TURKEY RETAINS : investors
03/28 NESTLE PAKISTAN : SDPI sign MoU on 'Water Stewardship'
03/28 NESTLE : USA loses appeal over workers comp for employee disabled by..
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Turkey retains attractive market reputation: investors

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03/28/2017 | 09:39pm CEST

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By Gokhan Yildiz and Ugur Aslanhan

ANKARA

Turkey will retain its reputation of being an attractive market and economy despite challenges, according to top officials of large multinational corporations on Tuesday.

In an exclusive interview, Samsung Electronics Turkey head Dae Hyun Kim said the company will continue to invest in Turkey and continues to prepare plans for the future here, which is a clear sign of confidence in the Turkish economy.

"In the middle and long term, Turkish market has potential. In the long term, the economy will be better. That is why we are preparing for the future. We will continue our investments," Dae Hyun Kim said.

He said Turkey has an advantage of a young and dynamic population, which is important for investors.

He said his company was also beginning to support new start-ups to enable young entrepreneurs find opportunities to realize their business potential.

Nestle Turkey Chief Executive Officer Felix Alleman said his company is set to make even more investments in Turkey in the future.

Alleman said his company began investing in Turkey over a 100 years ago.

"Nestle is here since 108 years. We have always been investing and we will continue to invest. I think we might invest more [now] than in the past," he said, adding: "I cannot give you [an exact] amount but it is a significant amount, you can imagine, we have here 3,800 people working for Nestle directly, about 10,000 indirect."

He said many regions of the world are easily accessible from Turkey due to its unique geographical location, making it an ideal spot as a central hub for production and distribution operations.

Peter Catalino, head of Novartis International AG Turkey, said his company has been increasing its investment in the country every year, adding investments last year were $20 million and overall exports for 2016 were $150 million.

The overall exports of Novartis Turkey in the last decade reached $1.2 billion, Catalino added.

"Long term, Turkey will do well...we have been [here] since 1930s, factories since 1950s and we will be here long after," he said.

"In the long term, Turkey always does well. There are challenging periods. It is a country which has centenary history. I believe [in] Turkey and Turkish people," he added.

On Monday, Turkey launched a year-long campaign to inform foreigners through chief executive officers of international companies in Turkey about the "country's reality", inviting them and their friends to visit and see it with their own eyes.

According to Turkish Exporters Assembly, Ankara would respond to black propaganda against Turkey by reaching out to 500 million people in seven countries within a year through the Turkey Image Campaign, whose motto is "Come to Turkey, discover your own story".

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(c) 2017 Andolu Ajansi Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( CHF)
Sales 2017 92 274 M
EBIT 2017 14 408 M
Net income 2017 9 931 M
Debt 2017 11 328 M
Yield 2017 3,13%
P/E ratio 2017 22,46
P/E ratio 2018 20,78
EV / Sales 2017 2,72x
EV / Sales 2018 2,59x
Capitalization 239 792 M
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 80,1  CHF
Spread / Average Target 3,9%
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Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer
Peter Brabeck-Letmathe Non-Executive 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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