Nestle : H1 and Q2 better than expected: EPS +10.4%, operating margin +20bp and an improved organic performance thanks to volumes
>H1 results should be well received - Despite limited upside potential on the stock at present, we are sticking with our Buy recommendation from a tactical standpoint pending convincing signs on fundamentals and notably the price effect. Our appreciation of fundamentals remains critical, notably due to pricing and the difficulty in bringing change to the portfolio at a group the size of Nestlé. That said, the under-performance of the stock YTD (-5%), continues to...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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