Nestle : Organic growth guidance raised after stronger than expected Q2. Slight warning on 2021 operating margin guidance
>The lowering of the operating margin target is minor and unsurprising, but could trigger a negative reaction. Outperform maintained - Outperform maintained on a group that has displayed resilience in its H1 performance but also in its 2021 guidance. The new operating margin guidance of 17.5%, which implies a 20bp decline, is fairly reassuring from our point of view in this inflationary environment. However, some may see it as a source of disappointment, which could m...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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