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Nestle SA (NESN.F)

NESN.F on Frankfurt Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Nestle sees stable trading operating profit margin in 2017 - slides
Thursday, 16 Feb 2017 01:29am EST 

Nestle SA : Nestle says at least 200 basis points structural cost savings target by 2020 - partial reinvestment to drive organic growth - slides .Nestle says – increased restructuring cost of around chf 500 mio in 2017 to drive future profitability; as a result, stable trading operating profit margin in 2017 - slides.  Full Article

Fitch downgrades Nestle to 'AA', outlook stable
Tuesday, 23 Aug 2016 11:05am EDT 

Fitch On Nestle : Fitch downgrades Nestle to 'AA'; outlook stable . Downgrade reflects slower deleveraging than previously expected and credit metrics that are more consistent with a 'AA' rating .Expects Nestle to continue its consistent performance and to deliver organic growth of around 4% for 2016.  Full Article

Perrigo - generic version of Suprep oral solution is indicated for treatment of cleansing of colon in preparation for colonoscopy in adults
Tuesday, 23 Aug 2016 09:10am EDT 

Perrigo Company Plc : Perrigo announces tentative FDA approval for generic version of Suprep® oral solution and confirms patent challenge for generic version of Mirvaso® gel . Was sued by Galderma Laboratories LP and Nestle Skin Health S.A. over Co's paragraph iv anda filing for generic version of Mirvaso topical gel .Generic version of Suprep oral solution is indicated for treatment of cleansing of colon in preparation for colonoscopy in adults.  Full Article

Nestle CFO says around 5 pct H2 organic growth needed to hit FY target
Thursday, 18 Aug 2016 03:56am EDT 

Nestle Sa : Cfo says expects to close icecream froneri transaction at the end of the summer . Cfo says low single-digit growth in nutrition in china . Cfo says believes has hit bottom in pricing in q2 . Cfo says new initiatives on structural savings to have limited positive impact in h2 and 2017 . Cfo says will hike prices in uk . Cfo says has also seen some increases in commodity prices, hard to tell if that is sustainable . Cfo says already increased prices in brazil in q2 . Cfo says needs to reach around 5 percent organic growth in h2 to meet guidance . Cfo says yinlu is in negative territory, turnaround will take some time . Cfo says spends about 1.7 billion sfr per year on research and development . Cfo says started taking limited price increases in emerging markets . Cfo says efforts on yinlu could become visible in latter part of 2017 . Cfo says does not expect improvement in pricing in continental europe . Cfo says does not see any direct impact in short term from brexit vote, except for currency impact .Cfo says chinese sales were negative in q2.  Full Article

TerraVia and Nestlé Purina announce joint development agreement
Tuesday, 16 Aug 2016 08:48am EDT 

TerraVia Holdings Inc : TerraVia and Nestlé Purina announce joint development agreement .Co, Nestlé Purina Petcare announced entering into a joint development agreement targeting companion animal market.  Full Article

Nestlé South Africa says not issued recall of any product
Thursday, 11 Aug 2016 08:00am EDT 

Nestle South Africa : Is aware of recent messages that are being circulated on whatsapp . Messages alleging co is asking consumers to return 'banana baby food' products expiring in 2017 because they may contain glass . This is an erroneous message that has been circulating since 2011 following a precautionary recall of one batch of a specific product in france in 2011 . "We would like to advise public that this is not true as Nestlé South Africa has not issued a recall of any product" . Nestlé South Africa does not package any of its baby food products in glass packaging ((Bengaluru Newsroom +918067491136;)).  Full Article

S.Africa's Competition Tribunal approves deals by Santam Ltd, Nestle
Wednesday, 20 Jul 2016 11:50am EDT 

S.Africa's Competition Tribunal : Approves Santam Limited and ABSA Insurance Company Limited intermediate commercial line business deal . Approves Nestle S.A. (Nestle) and R and R Ice Cream Public Limited Company deal . Approves KKR DVB Aviation Capital Ltd and Aercap Holdings N.V. deal in respect of a portfolio of 37 aircraft Further company coverage: [SNTJ.J] [NESN.S].  Full Article

S.Africa's Competition Commission approves Martin & Martin-Nestlé deal
Wednesday, 20 Jul 2016 08:36am EDT 

S.Africa's Competition Commission: Commission has approved without conditions intermediate merger whereby Martin & Martin intends to acquire target business of Nestlé . Recommended to Competition Tribunal that merger whereby EOH intends to buy Aptronics be approved without conditions .Approved without conditions intermediate merger whereby Intelichem intends to acquire Meridian and Synovatech.  Full Article

S. Africa's Competition Commission approves Nestlé, PAI Europe JV
Thursday, 14 Jul 2016 06:26am EDT 

S.Africa's Competition Commission : Has approved without conditions intermediate merger whereby Raflatac intends to acquire Labelcote . Recommended to tribunal that Nestlé and PAI Europe v jv be approved without conditions . Approved without conditions intermediate merger whereby Famous Brands Management to acquire Lamberts Bay Foods (((Bengaluru Newsroom +91 806 749 1136);)).  Full Article

FDA approves differin gel 0.1% for over-the-counter use to treat acne
Friday, 8 Jul 2016 10:45am EDT 

FDA: FDA approves differin gel 0.1% for over-the-counter use to treat acne .Differin gel 0.1% is distributed by Galderma Laboratories, L.P., based in Fort Worth, Texas.  Full Article

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Nestle targets profit margin to satisfy investor hunger

LONDON/ZURICH Nestle set a profit margin target for the first time on Tuesday, responding to an industry slowdown and pressure from activist investor Third Point for greater near-term returns from the world's largest packaged food company.