Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

NESTLE SA (NESN)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Nestle settles for modest sales growth target after Q1 slowdown

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/20/2017 | 09:44am CEST
The Nestle logo is pictured on the company headquarters entrance building in Vevey

Swiss food giant Nestle maintained its modest 2-4 percent growth target for underlying sales this year, slightly less than Anglo-Dutch rival Unilever (>> Unilever plc), after growth in the first quarter was hit by weak consumer demand for packaged foods in North America and weaker prices in western Europe.

Swiss food giant Nestle maintained its modest 2-4 percent growth target for underlying sales this year, slightly less than Anglo-Dutch rival Unilever (>> Unilever plc), after growth in the first quarter was hit by weak consumer demand for packaged foods in North America and weaker prices in western Europe.

Comparable or organic sales growth at the maker of Buitoni pasta and Maggi soups slowed as expected to 2.3 percent in the first quarter, from 3.9 percent in the same period last year, when there was one more trading day and an earlier Easter, the company said in a statement on Thursday.

It also reaffirmed new Chief Executive Mark Schneider's forecast given in February of 2-4 percent organic sales growth, a stable operating profit margin and an increase in underlying earnings per share in constant currencies this year.

Earlier on Thursday Unilever (>> Unilever) reported underlying first-quarter sales growth of 2.9 percent, helped by some higher prices, and said it aimed for 3-5 percent growth this year.

Volume growth at Nestle decelerated to 1.3 percent, from 3 percent a year ago, hit by soft demand in North America and China, while the overall increase in prices edged higher to 1 percent, from 0.9 percent.

Underlying sales by the company's confectionery business declined 2.9 percent, due to the later Easter holiday and weaker demand for chocolate, and its Yinlu drinks business dragged down its performance in China.

Nestle said pricing was still negative in western Europe, but the trend was improving thanks to increases in prices for the group's flagship Nescafe products.

Nestle's overall sales increased to 21 billion Swiss francs (£16.45 billion) from 20.9 billion last time, just short of the average of analysts' forecasts of 21.2 billion francs given in a Reuters poll.

Analysts said Nestle's quarterly growth was the lowest in more than a decade but they expected the situation to get better, with Kepler Cheuvreux analyst Jon Cox pointing to an improvement in Europe and Asia.

Helvea Baader analyst Andreas von Arx said the pricing trend was good news and should help the share price, which was up 1.1 percent at 76 francs by 0730 GMT, when London-listed shares in Unilever were up 1.4 percent at 3,994 pence.

(Editing by Greg Mahlich)

By Silke Koltrowitz

Stocks treated in this article : Unilever, Nestle SA, Unilever plc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NESTLE SA
04/27DJFrom Diapers to Soda, Big Brands Feel Pinch as Consumers Pull Back
04/26DJFrom Diapers to Soda, Big Brands Feel Pinch as Consumers Pull Back
04/26DJFrom Diaper to Soda Makers, Big Brands Feel the Pinch of a Consumer Pullback
04/25 Nestle to cut almost 300 UK jobs, move some production to Poland
04/25DJNestle to Cut Nearly 300 Jobs at U.K. Plants, Move Production to Poland
04/25 Fresenius picks up M&A pace with Akorn, Merck KGaA deals
04/21 Reckitt emerges as laggard in consumer goods sector
04/21DJUnilever, Nestlé Bog Down in U.S. -- WSJ
04/20DJUnilever and Nestle Struggle with Cautious US and European Consumers -- Updat..
04/20 Nestle settles for modest sales growth target after Q1 slowdown
More news
Sector news : Food Processing - NEC
12:15pDJMONDELEZ INTERNATIONAL : How BuzzFeed and Mondelez Brought Healthy Food Videos t..
04/27DJFrom Diapers to Soda, Big Brands Feel Pinch as Consumers Pull Back
04/26DJFrom Diapers to Soda, Big Brands Feel Pinch as Consumers Pull Back
04/26DJFrom Diapers to Soda, Big Brands Feel Pinch as Consumers Pull Back
04/26 Tyson Foods eyes higher wages as U.S. labor market tightens
More sector news : Food Processing - NEC
News from SeekingAlpha
04/20 How You Know The Market Is Expensive - Hedge Funds Are Giving Back Money (Plu..
04/20 Nestle S.A.'s (NSRGY) CEO Mark Schneider on Q1 2017 Results - Earnings Call T..
04/20 Nestle S.A. ADR 2017 Q1 - Results - Earnings Call Slides
04/20 Nestle S.A. ADR reports Q1 results
04/20 WALL STREET BREAKFAST : Is Crude In A Mood?
Advertisement
Financials ( CHF)
Sales 2017 91 977 M
EBIT 2017 14 330 M
Net income 2017 10 155 M
Debt 2017 11 211 M
Yield 2017 3,10%
P/E ratio 2017 23,31
P/E ratio 2018 21,53
EV / Sales 2017 2,74x
EV / Sales 2018 2,61x
Capitalization 241 037 M
More Financials
Chart NESTLE SA
Duration : Period :
Nestle SA Technical Analysis Chart | NESN | CH0038863350 | 4-Traders
Full-screen chart
Technical analysis trends NESTLE SA
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 80,7  CHF
Spread / Average Target 4,2%
Consensus details
EPS Revisions
More Estimates 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 Catsicas Chief Technology Officer & Executive VP
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NESTLE SA6.16%242 170
KRAFT HEINZ CO4.02%110 552
MONDELEZ INTERNATIONAL..1.51%68 603
DANONE6.15%45 523
GENERAL MILLS, INC.-7.06%33 076
ASSOCIATED BRITISH FOO..3.17%28 933
More Results