Company Nestlé Nigeria Plc

Equities

NESTLE

NGNESTLE0006

Food Processing

End-of-day quote Nigerian S.E. 06:00:00 2024-04-23 pm EDT 5-day change 1st Jan Change
820 NGN 0.00% Intraday chart for Nestlé Nigeria Plc -8.89% -25.45%

Business Summary

Nestlé Nigeria Plc is a food processing group organized primarily around 2 families of products:

- foods (59.5% of net sales): cereals (Nestlé Nutrend, Nestlé Cerelac and Nestlé Golden Morn brands), dairy products (Nido), chocolates and confectionery (Chocomilo) and seasoning products (Maggi);

- beverages (40.8%): instant coffee (Nescafé brand), bottled water (Nestlé Pure Life), chocolate beverages (Milo), etc.

Net sales break down geographically as follows: Nigeria (98.5%), Ghana (0.8%), Ivory Coast (0.4%) and Burkina Faso (0.3%).

Number of employees: 2,375

Sales per Business

NGN in Million2022Weight2023Weight Delta
Food
64.6 %
271,991 60.9 % 353,699 64.6 % +30.04%
Beverage
35.4 %
174,828 39.1 % 193,420 35.4 % +10.63%

Sales per region

NGN in Million2022Weight2023Weight Delta
Nigeria
99.8 %
443,408 99.2 % 545,936 99.8 % +23.12%
Ghana
0.1 %
2,735 0.6 % 746 0.1 % -72.74%
Burkina Faso
0.1 %
598 0.1 % 281 0.1 % -53.01%
Ivory Coast
0.0 %
77 0.0 % 156 0.0 % +102.05%

Managers

Managers TitleAgeSince
Chief Executive Officer - -
Chief Tech/Sci/R&D Officer - -
Director/Board Member - 16-09-30
Director/Board Member 56 08-11-13
Sales & Marketing - -
General Counsel - -
Human Resources Officer - -
Corporate Secretary - 05-09-30

Members of the board

Members of the board TitleAgeSince
Chairman 64 14-02-23
Director/Board Member - 20-02-23
Director/Board Member 56 08-11-13
Director/Board Member - 16-09-30
Chief Executive Officer - -
Director/Board Member - 21-07-31
Director/Board Member - 21-07-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 792,656,252 268,036,066 ( 33.81 %) 0 33.81 %

Shareholders

NameEquities%Valuation
524,559,457 66.18 % 362 M ₦
Sanlam Investment Management (Pty) Ltd.
0.1631 %
1,292,499 0.1631 % 891 475 ₦
Mazi Asset Management (Pty) Ltd.
0.1032 %
818,353 0.1032 % 564 443 ₦
Silk Invest Ltd.
0.0779 %
617,388 0.0779 % 425 831 ₦
Old Mutual Investment Group (Pty) Ltd.
0.0680 %
538,731 0.0680 % 371 579 ₦
Imara Asset Management (Pvt) Ltd.
0.0278 %
220,365 0.0278 % 151 992 ₦
STANLIB Asset Management (Pty) Ltd.
0.0252 %
200,000 0.0252 % 137 946 ₦
Mori Capital Management Ltd.
0.0240 %
190,000 0.0240 % 131 049 ₦
Imara Asset Management South Africa (Pty) Ltd.
0.0133 %
105,692 0.0133 % 72 899 ₦
Rudiarius Capital Management (Pty) Ltd.
0.0119 %
94,719 0.0119 % 65 331 ₦

Company contact information

Nestlé Nigeria Plc

22-24 Industrial Avenue Ilupeju

100252, Lagos

+234 1 279 8184

address Nestlé Nigeria Plc(NESTLE)

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
820 NGN
Average target price
1,456 NGN
Spread / Average Target
+77.59%
Consensus

Annual profits - Rate of surprise

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