Nestle : Solid 2019 results. Q4 slightly sluggish
>Buy recommendation maintained: solid results which justify the valuation - The group published solid 2019 results with double digit growth for EPS, the dividend and operational FCF, illustrating the solidity of Nestlé’s model, characterised by a combination of diversification and the trickle-down effect (organic growth, margins, tax rate optimisation and buybacks). We expected only a muted reaction from the share due to the weakness of Q4 and results in line with for...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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