Nestle : Q4 better than expected with a reassuring impact from prices. Operating margin improved, but less than expected. Reassuring 2021 guidance
>Results strengthening the defensive profile as valuation becomes much more affordable - Outperform rating confirmed. The 2020 results back up the idea that the group is built firmly on a resilient and profitable growth model thanks to a high degree of operational diversification and an improvement in its strategic focus (portfolio streamlining). The decline in income statement items as reported unfortunately reflects the impact of the strength of the CHF and the stra...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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