Nestle : 2023 earnings and a timorous outlook
>Earnings a share below estimates - The 2023 earnings reported this morning are in line with the targets set but a shade below forecasts. The main takeaways from this publication are the following: Organic sales growth of 7.3% (vs VA css at 7.3% and ODDO BHF at 7.5%).A volume/mix effect of -0.3% (vs VA css and ODDO BHF at 0%).A price effect of 7.5% (vs VA css at 7.3% and ODDO BHF at 7.5%).An underlying operating margin of 17.3%, up 20bp (+40bp at c...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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