A very weak quarter, below market expectations. The company cited the challenging environment in North America (soft consumer demand in the US) and Brazil (negative pricing due to milk price decreases). We see management actively adressing the problems with initiatives to kick-in in FY18. We judge the FY18 guidance as already factored in by the market.
15 Feb 2018
Q4 disappoints, sets gear for FY18
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Q4 disappoints, sets gear for FY18
Nestle S.A. (NESN:PRA) | 0 0 0.2% | Mkt Cap: 236,088m
- Published:
15 Feb 2018 -
Author:
Anna Zyniewicz -
Pages:
3
A very weak quarter, below market expectations. The company cited the challenging environment in North America (soft consumer demand in the US) and Brazil (negative pricing due to milk price decreases). We see management actively adressing the problems with initiatives to kick-in in FY18. We judge the FY18 guidance as already factored in by the market.