Nestle : Buitoni pizzas: low financial impact at this stage, potential reputational risk
>The degree of operational diversification means the risk is limited - Outperform rating maintained. We still think that in an increasingly volatile market environment (COVID, supply chain, inflation, war in Ukraine, etc.), the 2023e P/E (23.7x vs a Food Spirits HPC average of 22x) remains very solid given its strategic refocusing which allows the group to allocate its resources more effectively but also, importantly, to achieve an operating footprint that remains hig...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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