Nestlé : Très bon T4 avec une élasticité prix/volumes rassurante. Mais guidance de marge prudente après un exercice 2021 à -30 pb
>Un accueil qui devrait être mitigé - Surperformance maintenue. La publication des résultats 2021 fait ressortir de nombreux petits facteurs de déception (marge opérationnelle 2021 à -30 pb, dividende à +2%, guidance 2022, impairment sur Wyeth). Il ne serait pas surprenant que le titre baisse proportionnellement à la révision de BPA de -2% à -3% que nous anticipons à ce stade sur le consensus 2022 et au-delà. Avec un PER 2023 de 23x (sur la base de prévisions inférieu...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.