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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 CEST

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 2017 92 338 M
EBIT 2017 14 403 M
Net income 2017 9 931 M
Debt 2017 11 282 M
Yield 2017 3,13%
P/E ratio 2017 22,51
P/E ratio 2018 20,82
EV / Sales 2017 2,72x
EV / Sales 2018 2,59x
Capitalization 240 259 M
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 80,0  CHF
Spread / Average Target 3,7%
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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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