Nestle : Organic growth guidance raised (+6-7%) after a dynamic Q3 pushing 9M 2021 to +7.6%
>Q3 underpins growth stock status - Outperform maintained. Nestlé continues to combine resilience and dynamic growth with a Q3 showing organic growth of +6.6%, of which +4.4% in volume/mix.The upward revision to guidance for the top line to 6-7% came as a welcome surprise insofar as we had expected the group to target the top end of the range (i.e. 5% to 6%). The share should react positively after yesterday’s decline in the Food HPC (US and Europe) sector d...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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