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

NESTLE SA (NESN)

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Nestle SA : No Horse Meat Found in Nestle Products : Italy

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02/23/2013 | 12:58pm CET

ROME (AFP)--Italy's health ministry on Saturday said tests carried out on Nestle SA (NSRGY, NENS.VX) beef products seized this week had shown they did not contain horse meat.

"There was no trace of equine DNA in the cooked and frozen minced beef that was seized from Nestle on February 21," the ministry said in a statement.

"The meat will therefore be returned," it added.

Nestle, the world's biggest food company, on Monday said it was withdrawing two types of pasta meal from supermarket shelves in Italy and Spain due to contamination that did not constitute a health risk.

Italian police on Thursday seized 26 tons of beef from Nestle.

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Financials ( CHF)
Sales 2016 89 946 M
EBIT 2016 13 869 M
Net income 2016 9 581 M
Debt 2016 12 321 M
Yield 2016 3,28%
P/E ratio 2016 21,72
P/E ratio 2017 19,77
EV / Sales 2016 2,59x
EV / Sales 2017 2,48x
Capitalization 220 963 M
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 81,7  CHF
Spread / Average Target 15%
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Managers
NameTitle
Paul Bulcke Chief Executive Officer & Director
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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