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

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Nestle SA : Nestle Expects Raw Material Price Pressure To Ease

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04/20/2012 | 01:16pm CEST

Swiss food giant Nestle SA (NESN.VX) Friday said it expects pressure from high raw materials prices to ease during the second half of 2012, but is sticking to its forecast of low- to mid-single-digit inflation for the year.

The maker of Nescafe instant coffee and Kit Kat chocolate bars is one of the world's biggest buyers of sugar, coffee and milk, spending around 35 billion Swiss francs ($38.4 billion) a year on ingredients and packaging.

Last year it said its bill for ingredients would rise by up to CHF3 billion as the United Nations' Food and Agricultural Food Price Index, which covers meat, dairy, cereals, oils, fats and sugar costs, reached record levels before falling back in the second half of the year.

"We are still seeing an impact on our business from the 2011 raw material pressures," Roddy Child-Villiers, the company's head of investor relations, said on a conference call Friday.

Although spot prices for cocoa, sugar and other materials have declined in recent months, Child-Villiers said there was a time lag of several months and this was reflected in Nestle's business.

"Any benefit from raw materials would be felt more in the second half," Child-Villiers said.

"We still expect lower- to mid-single-digit input cost inflation for the year as a whole."

-By John Revill, Dow Jones Newswires; +41 43 443 8042; [email protected]

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Financials ( CHF)
Sales 2018 91 800 M
EBIT 2018 15 174 M
Net income 2018 10 497 M
Debt 2018 21 843 M
Yield 2018 3,26%
P/E ratio 2018 21,45
P/E ratio 2019 19,27
EV / Sales 2018 2,79x
EV / Sales 2019 2,71x
Capitalization 234 B
Chart NESTLÉ
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Nestlé Technical Analysis Chart | NESN | CH0038863350 | 4-Traders
Technical analysis trends NESTLÉ
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 84,5  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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ASSOCIATED BRITISH FOODS-6.60%28 521
GENERAL MILLS-25.16%26 307