Nestlé : T3 optiquement similaire au S1 mais des inflexions encourageantes en séquentiel sur le mix/volume et sur l’effet prix.
>Un T3 de bonne qualité - Achat maintenu. La croissance organique du T3 de 2.8% est non seulement modeste mais aussi très en ligne avec les attentes. Ceci étant, nous notons l’amélioration en séquentiel tant sur l’effet volume/mix que sur un effet prix (cf tableau) qui n’avait cessé de se dégrader depuis 2016 (point bas au T1 2018). Au-delà de l’amélioration graduelle du volume/mix mais aussi de l’environnement de prix, nous notons des signes d’amélioration encouragea...Nestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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