Nestle : Q1 higher than forecast with l-f-l growth of 3.4%
>We expect a positive reaction - The share price should respond positively to the Q1 sales release despite limited potential in the short term. With organic growth (3.4%) proving much weaker than expected and more or less equivalent to our 2019 forecast of 3.6%, the start of the year is encouraging and underpins the positive momentum. The recovery in pricing to 1.2% is the main piece of good news from this quarter and strongly suggests a gradual recovery in pricing po...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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