Nestle : Operating performance in line but nice surprise on EPS (+13.2%, beating the consensus by 4%)
>We expect a positive reaction - With organic growth of +3.0% and an improvement in the underlying operating margin of +50bp, the operating trend does not present any specific surprises, aside from a price effect that could have been a little healthier in Q4.Nonetheless, the stock is likely to respond positively (+3% to +5%) given: 1/ underlying EPS at +13.2%, i.e. 3.6% above expectations2/ the announcement of a faster pace of buybacks, with the program...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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