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

NESTLÉ (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 91 688 M
EBIT 2017 14 250 M
Net income 2017 10 126 M
Debt 2017 11 561 M
Yield 2017 2,81%
P/E ratio 2017 25,70
P/E ratio 2018 23,62
EV / Sales 2017 3,02x
EV / Sales 2018 2,89x
Capitalization 265 778 M
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 83,7  CHF
Spread / Average Target -2,0%
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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 Catsicas Chief Technology Officer & Executive VP
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