Nestle SA (OTCPK:NSRGF)

$ 96.45 -0.85 (-0.87%) Market Cap: 246.91 Bil Enterprise Value: 318.32 Bil PE Ratio: 19.86 PB Ratio: 6.49 GF Score: 73/100

Nestle SA at Barclays Global Consumer Staples Conference Transcript

Sep 09, 2021 / 02:40PM GMT

Release Date Price: $125.34 (+0.26%)

Transcript

Warren Lester Ackerman

Barclays Bank PLC, Research Division - Head of European Consumer Equity Research

Hello everybody, welcome to the Barclays Global Consumer Staples Conference. I'm Warren Ackerman, Head of the EU Consumer Staples team. I'm delighted to welcome NestlÃ© today. We have CFO, FranÃ§ois-Xavier Roger; and the Head of Zone Americas, Laurent Freixe. Welcome gentlemen. And the format will be a fireside chat. We will have about 30, 35 minutes, and I will be hosting that. So with that, let's get cracking.

Questions & Answers

Warren Lester Ackerman

Barclays Bank PLC, Research Division - Head of European Consumer Equity Research

So first one to FranÃ§ois, I want to kick off with margins. You slightly lowered your margin guidance this year to around 17.5%, mainly due to input cost inflation where you talked about a 4% COGS inflation in 2021. But you've also said that the margin reduction in the second half is transitory and you expect next year to be back showing progress.

Can I ask as we stand at the moment, I know it's difficult

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