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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 announces new goals around sustainability
Tuesday, 7 Mar 2017 04:39am EST 

Nestle Sa : Nestle announces new 2020 commitments and three long-term goals around sustainable development . Nestle says aims to help 50 million children lead healthier lives, help improve 30 million livelihoods in communities directly connected to its business and strive for zero environmental impact in its operations. .Nestle commits to reduce sugar it adds to products by 5% by 2020.  Full Article

Nestle: no comment on Kraft Heinz's Unilever approach
Friday, 17 Feb 2017 08:05am EST 

Nestle Sa says : on Kraft Heinz's Unilever approach: as a matter of principle we do not comment on our competitors' activities Further company coverage: [NESN.S] (Reporting by Brenna Hughes Neghaiwi) ((brenna.neghaiwi@thomsonreuters.com; +41 58 306 77 35;)).  Full Article

Nestle CEO, CFO comments on business
Thursday, 16 Feb 2017 09:34am EST 

Nestle Sa : Nestle cfo says has raised prices in countries including mexico, philippines and uk, and starting in continental europe . Nestle cfo says upcoming chinese regulations on baby formula leading to destocking, pricing pressure for all . Nestle cfo sees no risk of impairment of nestle skin health goodwill, remains positive on business . Nestle cfo says despite 290 basis point drag on zone aoa business from yinlu, he remains bullish on yinlu .Nestle ceo says there could be more restructuring costs beyond 2017 as company continues to improve business.  Full Article

New Nestle CEO to seek better balance of growth and margin
Thursday, 16 Feb 2017 08:24am EST 

Nestle Sa : Nestle ceo says players in consumer goods industry who focus too much on bottom line see their sales suffer . Nestle ceo says needs to offer better balance of growth and margin . Nestle ceo says not working on any large m&a deals now, focus is on organic performance . Nestle ceo says has "healthy sense of urgency" when it comes to turning around problem businesses like yinlu in china .Nestle ceo says to narrow guidance as year progresses.  Full Article

Nestle CEO says "we'll be there" for strategic deals - CNBC
Thursday, 16 Feb 2017 02:59am EST 

Nestle SA :CEO says when there are deal opportunities that make strategic sense we'll be there - CNBC.  Full Article

Nestle CEO says growth forecast reflects macro uncertainty
Thursday, 16 Feb 2017 01:34am EST 

Nestle SA CEO says: continuity is key in the company . aims for more than 200 bps in cost savings by 2020 . sees muted development in Europe in both volume and pricing . Chinese consumer business started to improve a bit towards end of 2016 . 2-4 percent growth forecast reflects macroeconomic uncertainty .confident to be able to get to mid-single digit organic growth by 2020, top-line growth remains driver.  Full Article

Nestle Health Science plans to expand manufacturing facility in Eau Claire, Wi
Thursday, 2 Feb 2017 10:30am EST 

Nestle Health Science: As a result of this new investment, Nestlé expects to create additional temporary construction and facility jobs . Planned expansion of facility is expected to increase production from 100,000 tons to approximately 120,000 tons .Intends to expand its manufacturing facility in Eau Claire, Wi.  Full Article

Nestlé USA says to move 300 jobs to Solon, Ohio campus
Wednesday, 1 Feb 2017 03:15pm EST 

Nestlé USA: Will move its technical & production organization and all supply chain teams to its Solon, Ohio campus .Says to bring major functions and 300 jobs to its Solon, Ohio campus.  Full Article

Nestlé USA says will transition corporate headquarters to Arlington County, Virginia
Wednesday, 1 Feb 2017 03:15pm EST 

Nestlé USA: Nestlé USA says it will transition its corporate headquarters to Arlington County, Virginia starting later this year .Company expects to bring approximately 750 jobs to Washington, D.C. area with Virginia transition.  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

More From Around the Web

Nestle, Mars vow to clean up pet food supply chains

NEW YORK, March 16 (Thomson Reuters Foundation) - Swiss food giant Nestlé SA and U.S. candy and pet food company Mars pledged on Thursday to take steps to ensure their pet food supply chains are free from human rights abuses and illegally caught seafood - in a move welcomed by campaigners.