Nestle's CMD in Line With Midterm Targets Unchanged; Shares Slightly Rich
Nestle's CMD this year was hosted at its U.S. headquarters in Arlington and shed more light on its 2020 midterm targets (mid-single-digit organic sales growth and EBIT margin of 17.5%-18.5%) with the high-growth categories (pet, nutrition, coffee, health, and waters) being the focus. Nestle also announced the consolidation of the frozen pizza and ice cream distribution from a direct store delivery (DSD) model to warehouse distribution, which will create cost synergies, reduce capital intensity, ...
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