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The strong acceleration in pricing boosted the Q1 sales growth. Nestlé, once again, stood out vs. its peers but is now trading at a relatively high premium so we don’t expect a major re-rating.
Companies: Nestle S.A. TEMP (0RR6:LON)Nestle S.A. (NESN:SWX)
AlphaValue
FY21 results are ok. The guidance points to margin pressure in FY22, but far less than for peers, translating Nestlé’s better shape in the face of rising input costs.
Q3 beat, FY21 sales guidance upgrade, no change in the FY21/mid-term margin guidance are the ingredients of a very successful cocktail for Nestlé, which is definitely the best placed (amongst other food players) to ride out cost pressures.
The strong top-line momentum in Q2 was not enough to offset the disappointing margin outlook. Nestlé definitely remains a quality stock, but it is evident that it will be impacted in the same way as its peers by the inflationary environment.
Nestlé started the year on a high note with Q1 sales well ahead of expectations. Such a performance should lead to expectations being revised upward by the consensus, although the group takes a highly cautious tone about margin due to input cost inflation.
Good set of FY20 results, with the momentum continued to be driven by the Americas, PetCare and Nestle Health Science. The FY21 and mid-term outlook is satisfying, roughly in line with the current consensus expectations.
Companies: Nestle S.A.
Sustainable sales momentum and FY20 guidance in line with the consensus. During this H1, Nestle demonstrated that its « own » operations (PetCare, Coffee) are more resilient than those of Danone.
Strong start to the year driven by stockpiling in the Americas and Europe. Weak AOA with sales in China down by a double- digit percentage, which we believe sets the tone for the next quarter. These results follow the previously expected trend and we see no major change to our estimates. Nestlé continues to be in our top-pick list in the current environment.
FY19 and Q4 slightly missed expectations, while reaching the mid-term guidance for sales was finally postponed by 1-2 years. This, however, doesn’t stop us from continuing to believe that the food giant is still very robust, delivering lasting progress, while this should continue thanks to its successful transformation projects.
Nestle reported 9m results in line with the consensus estimates. Growth was strongly supported by the significant performance in the USA and Purina Petcare globally. Good cash inflows, from cash development and disposals, strongly contributed to the group’s decision to distribute up to CHF20bn in buy-backs over 2020-22. Nothing stops Nestlé anymore.
A pretty good set of results, with volumes and margins ahead of expectations. Further recovery in the US is the good news, while Asia and Europe were weaker. We believe the group is on track to beat its target.
Nestle reported Q1 19 results, beating analysts’ expectations. The growth momentum in the US, China and Brazil have pushed up the figures, while Purina pet care, dairy and infant nutrition have driven the growth. We are still confident in the stock. No major change in our target price is expected as we have already pushed up our numbers following the FY18 results and these seem in line with perspectives.
The FY18 results were in line with the analyst consensus, and showed a reinforcement in its two core markets: the US and China. We see the reshaping of the portfolio as very encouraging and we are confident that the company will reach its 2020 targets.
The numbers are broadly in line with the consensus. We see the company as being on track to achieve its FY guidance. The departure of Wan Ling Martello is a big loss for the company, in our opinion, and puts a shadow over the future performance of the AOA zone.
Good Q2 driven by improvments in the US and China. Infant Nutrition also saw some sequential improvment. Our Add recommendation is maintained.
Research Tree provides access to ongoing research coverage, media content and regulatory news on Nestle S.A.. We currently have 1 research reports from 7 professional analysts.
Companies: Greencore Group Plc
Shore Capital
The Hardman & Co Healthcare Index (HHI) has been running since 2009. Its main function is to highlight the attractions of life sciences investments over the long term. For the second year running, apart from global economic influences affecting world markets, performance in 2023 was dented by the capital-intensive nature of the sector. The HHI fell 3.7%, to 483.8, underperforming the main London markets – FTSE 100 (+3.8%) and FTSE All-Share (3.8%) but outperforming the FTSE AIM All-Share Index (
Companies: TXG ETXPF NDVA TSVT BCOW Z29 TXG NCYT GNS SUN AMS OMG APH EKF EAH IMM AGL DEMG AGY TSTL IPO GDR TRX HVO CTEC OXB DEST VLG IXI VAL INDV AGR AVCT BAI 123F IMCR BCOW
Hardman & Co
Companies: Cranswick plc
Britvic’s interim results showcased a positive first half of FY24, with strong revenue growth across core brands and geographies. This was underpinned by a robust increase in volumes, reflecting product innovation and growth across its strategic pillars. Positive price/mix helped enable a 70bp improvement in margins. The enhanced profitability permitted a 16% increase in the interim dividend. Britvic continues to make strategic progress against the growth pillars of family favourite brands, Braz
Companies: Britvic plc
Edison
Companies: Hilton Food Group plc (HFG:LON)SDX Energy PLC (SDX:LON)
Greggs’ trading update for the first 19 weeks of the year shows that the company is driving superior revenue growth from its key initiatives of growing space, delivery and evening sales and leveraging the app along with its continuous menu enhancements, despite what has continued to be a challenging backdrop for consumers. The strong revenue growth on top of a tough comparative from the prior year includes both volume and price growth, which compares very well versus many other consumer-facing c
Companies: Greggs plc
22nd May 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 7th May: Time To ACT plc, an engineering business focused on technology for the energy transition sector, has announced its intention to seek Admission to t
Companies: TIDE VLE FEN MDZ ORR VEL
Hybridan
We are reiterating our Buy rating and price target for Starco Brands, but lowering our 2024 and 2025 projections to primarily reflect higher marketing costs to support multiple newly announced door expansions for each of the company's key brands beginning in 2Q24 and concentrated in 4Q24. We believe Starco's offerings are poised to take highly material leaps, with major expansions at over 10,00 doors in 2024, which we believe will position the company for material, multi-year top line growth and
Companies: ELF EL STCB EPC COTY IPAR DGE IPAR EL UNILEVER EPC STCB ELF COTY
Small Cap Consumer Research LLC
Companies: Premier Foods plc
Companies: CARR JOG STX HERC
Cavendish
Companies: Anpario plc
Companies: Cake Box Holdings Plc
Companies: Celadon Pharmaceuticals PLC
Canaccord Genuity
MP Evans is one of the most efficient producers of sustainable palm oil in Indonesia with a proven track record of developing valuable plantations and, more recently, buying plantations at excellent prices. The 2022 spike in the CPO price created a surge in FCF which has supported the execution of its development strategy, evidenced by the two acquisitions in 2023 and the commissioning of a sixth mill in February 2023. MP Evans is at the start of a ten-year cash flow window where maintenance cap
Companies: M.P. Evans Group PLC
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