Report
Pierre Tegner

Nestle : Q3: volume mix anticipated at 3.1%. This would be a record since Q2 2014

>Buy recommendation maintained - Buy maintained. In the context of high valuations for Food HPC stocks (in both Europe and the US), Nestlé should continue to outperform. We expect Q3 to reflect the continued revival of the portfolio (innovation and revaluation) with a volume mix (RIG - Real Internal Growth) that could hit its highest level since Q2 2014. For the first nine months, RIG is forecast at 2.8%, thus beating the RIG of the past four years.  This is likely to...
Underlying
Nestle S.A.

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Pierre Tegner

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