Nestle : Q3 superficially similar to H1 but encouraging q-o-q improvements in the mix/volume effect and price effect
>A good quality set of Q3 figures - Buy rating maintained. The 2.8% organic growth achieved in Q3 was not only modest but also very much in line with expectations. That said, there were q-o-q improvements in the volume/mix effect and in the price effect (cf table) which had been deteriorating continually since 2016 (bottoming out in Q1 2018). Besides gradual improvements in the volume/mix effect and also in the price environment, we can also see encouraging signs of t...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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