DOCSLIB.ORG

Sanofi to Partner with Digital Health Start-Ups in Europe Track Any More Paras

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Sanofi to Partner with Digital Health Start-Ups in Europe Track Any More Paras HEALTH BEAUTY WELLNESS INSIGHT Pharma intelligence HBWhbw.pharmaintelligence.informa.com 4 February 2019 • No. 06 informa FROM THE EDITORS OF: Rose Sheet Pink Sheet Pharma intelligence Pharma intelligence “We are excited to partner with Startup Creasphere and their network of start-ups to develop new and innovative healthcare solutions for our consumers, who are look- ing more and more to the digital space for support that goes beyond the pill,” com- mented Sanofi Consumer Healthcare’s vice president of strategy, business devel- opment and licensing, Oliver Freichel. “As the world becomes more hectic and connected, consumers are demand- ing more personalized healthcare, and we have seen this come to life through concepts such as personalized vitamin re- gimes,” Freichel pointed out. “Within Sanofi, we have strong exper- tise in bringing over-the-counter health- care solutions to market,” he noted, “so we look forward to combining these strengths with the ingenuity and innova- Going ‘Beyond The Pill’ – tive mindset of start-ups to help consum- ers live healthier, fuller lives.” Sanofi To Partner With Digital Plug and Play founder, Saeed Amidi, ex- plained that the partnership with Sanofi would enable Startup Creasphere for Health Start-ups In Europe the first time to explore consumer facing TOM GALLEN [email protected] technologies in the healthcare field. The initiative, Amidi insisted, would provide anofi is taking a leading role in here in association with pharma giant start-ups from all over the world an “un- creating the “ultimate hub of digi- Roche in September 2018. paralleled opportunity for business de- Stal health innovation in Europe” Together, Sanofi and Startup Creasphere velopment and investment activities with through a partnership which will see it will work to create an innovation hub large corporations.” work with start-ups developing new con- “where forward-thinking corporations Sanofi’s tie-up with Startup Creasphere sumer health solutions in categories such and disruptive startups can meet to pilot represents the firm’s latest move into digi- as allergy and nutrition. The France-based solutions and services, drive investments, tal health, which Consumer Healthcare di- manufacturer is partnering with Startup learn and share experiences and facilitate vision head, Alan Main, has identified as a Creasphere, which describes itself as international expansion.” priority for the firm. “Munich’s first digital health focused inno- Startup Creasphere intends to run two vation program.” events annually to evaluate start-ups op- DIGITAL TRANSFORMING Startup Creasphere is backed by Silicon erating in the consumer healthcare field, CONSUMER HEALTH Valley’s Plug and Play, a venture fund with the most promising selected by “Digital is transforming how consumers specializing in the development of early- Sanofi. At the first event, Sanofi will focus manage their own health and, impor- to-growth stage technology start-ups. on working with start-ups in the nutrition- tantly, how they interact with our busi- Plug and Play launched StartUp Creasep- al health and allergy space. CONTINUED ON PAGE 4 HEALTH BEAUTY WELLNESS France And Italy Next For Zur Rose As St. Ives Apricot Scrubbed Of Same Legislative Focus For Sales Exceed $1bn For First Time, p.4 Class Action Alleging Harm From Consumer Health As Its Hill Walnut Shells, p.16 Champions Change, p.19 IN THIS ISSUE In association with Sponsored by Supported by OTC OTC MARKETING AWARDS Recognising the best of the British OTC Industry 2019 GALA DINNER & AWARDS PRESENTATION ROYAL LANCASTER LONDON Thursday 7th March 2019 BOOK YOUR TICKETS NOW! For further information about the Awards visit: www.OTC-bulletin.com/awards 2 | HBW Insight | 4 February 2019 © Informa UK Ltd 2019 JN1579 OTC Marketing Awards Advert A4_3.indd 1 2019/01/22 12:59 4 20 22 10 inside: COVER / Going ‘Beyond The Pill’ – 21 couple more subheads would take care of this space, can’t Sanofi To Partner With Digital Health Start-ups In Europe track any more paras 22 Implied Health Claims Ruling Indicates Health Tougher Stance By UK Ad Regulator 4 France And Italy Next For Zur Rose As Sales Exceed $1bn For First Time 23 Asking For Trouble – Posing A Question Lands Cranberry Supplement In Hot Water With Italian Ad Regulator 5 Perrigo Helping Pharmacists Get Over Misconceptions About Sleep Aids With UK Nytol Campaign 7 Nestlé Expands Skin Health In Asia As Rumors Swirl Of Impending Sale exclusive online content 8 Dr Kade Enters OTC Dermatology Space With Sirius Acquisition Health And Wellness Launches: Enviromedica, Garden Of Life, Mineralife, Bimble, Chobani, GT, Chomptown, More 9 Colgate Total Remade Without Triclosan, https://bit.ly/2DLDo1u Launch Kicks Off With Super Bowl Ad Chobani introduces first line of non-dairy, plant-based yogurts; Mineralife in CBD market with MG Labs brand; Silk 11 Colgate Guidance Rides Price Increases, dairy-alternative line expands with Oat Yeah milk; Garden Earnings Outlook Dips On Higher Costs of Life extends to keto; Aloha protein powder reformulated; Arthrocen joint supplement in US; Chomptown Cookies from 11 J&J Consumer Health Has Digital And Natural pea protein; GT is Good! on protein bars; Bimble bubbles Drivers For ‘Above Market’ Growth with CBD; Enviromedica innovates in microbiome; and sweet potato and cayenne-infused date nectars from D’Vash. Beauty Wellness Market News: Nuritas-Pharmavite Peptides, Abbott Nutriton, Brain Armor, Trade Group Notes 12 P&G Raises Forecast On Strong First Half, https://bit.ly/2DMRb7V Notes Price Increases As Potential Drag Pharmavite tests bioactive peptides with Nuritas’ AI platform; NPA questions FDA proposal to share data collected from 14 FTC’s Claimed Authority To Chase Permanent Injunctions, US firms; NFL great Randy White promotes Brain Armor Monetary Relief May Lack Substantiation supplements; Abbott Nutrition sales up 4.4% for 2018; ONHA targets expanding omega-3 testing among consumers; 15 Perfect Cosmetics Misquotes Media Endorsements In UK CRN’s Mister, Sidley’s Bass co-chair regulatory conference; and ‘Hero for the Planet’ Plotkin speaks at AHPA meeting. 16 St. Ives Apricot Scrubbed Of Class Action Alleging Harm From Walnut Shells Health, Beauty And Wellness News: FDA Shutdown, Kemin Marketing VP, More https://bit.ly/2MI6VMl Wellness FDA cosmetics operations likely shuttered with shutdown; 17 Wellness Research Round-up: Probiotics, Vitamin D Supps, Stomp leads Kemin’s global marketing; Unilever delivers Haskap Berry Extract and Caffeine For Combat Sports on fragrance transparency pledge; Lentein protein to Canada through CK Ingredients; and Deciem founder 19 Same Legislative Focus For Consumer Health Truaxe dead at 40. As Its Hill Champions Change 20 Farm Bill Hemp Provision Lights Another Supplement Industry Regulatory Priority HBW-Insight @HBWInsight hbw.pharmaintelligence.informa.com 4 February 2019 | HBW Insight | 3 HEALTH (OTC DRUGS) ness,” Main stated at the Viva Technol- ogy conference in Paris, France, in 2018. Main said digital technology – particu- larly the internet – offered a great oppor- tunity for Sanofi to transform how it mar- keted and sold its products to consumers. (Also see “Digital Key To Sanofi’s Growth Plans” - HBW Insight, 8 Jun, 2018.) Key to Sanofi’s burgeoning digital strat- egy was utilizing the data trail consumers left behind when searching online, Main explained. “Data is at the heart of all the things we are doing. It’s all about data,” he “Consumers are looking to the digital space for support insisted. “If the consumer is our king, then that goes beyond the pill” - Sanofi’s Oliver Freichel data is our queen.” “By using data to understand our consumer better, we can deliver the personalized content that they expect,” information, and provide an insight on tor appointments, key health deadlines Main claimed. wellness issues.” (Also see “Sanofi Target- and pharmacy home delivery services,” To help Sanofi take a larger slice of the ing Online With Partner Accenture” - HBW Sanofi explained. “A content hub will online consumer healthcare market it has Insight, 8 Jun, 2018.) also provide educational health advice since June been partnering with consul- According to Sanofi, UWell is an “open from experts.” tancy firm Accenture. service and content platform that allows While the UWell platform would The focus of the collaboration is Sano- users to upload their health data in a sin- “initially focus” on Italy, Sanofi said its fi’s Italian UWell online platform, which gle place.” longterm strategy was to “build out the has been developed with Accenture to “The platform enables quick access to platform across a number of markets in “simplify consumers’ approach to manag- doctor and pharmacy services includ- the future.” ing their health, provide easy access to ing the ability to set reminders for doc- Published online 25 January 2019 France And Italy Next For Zur Rose As Sales Exceed $1bn For First Time DAVID RIDLEY [email protected] wiss supply chain disruptor Zur Rose is pushing ahead with its goal of be- Scoming the biggest pan-European e-commerce pharmacy, eying up expan- sion into France and Italy through its new Promofarma retail platform. Speaking to HBW Insight as Zur Rose announced its financial results for the year ended 31 December 2018 – which saw group turnover grow by 22.8% to CHF1.21bn ($1.22bn) – chief executive officer Walter Oberhänsli confirmed that France and Italy would be the “initial fo- cus” for the recently acquired Promofarma vehicle. Snapped up for an undisclosed sum in 2017, Spanish e-commerce platform Pro- mofarma presented Zur Rose with an op- portunity to use digitalization to realize its One of Zur Rose’s Swiss goal of becoming the biggest pan-Euro- ‘Shop-in-shop’ retail outlets 4 | HBW Insight | 4 February 2019 © Informa UK Ltd 2019 HEALTH (OTC DRUGS) pean e-commerce pharmacy in a “much faster, much easier” way, Oberhänsli said To Ban Or Not To Ban in an interview last year.
Load more

Recommended publications
  • Full-Year 2015: 4.2% Organic Growth, Trading Operating Profit Margin up 10 Basis Points in Constant Currencies
    Press release Vevey, 18 February 2016 Follow today's event live 08:30 CET Full-year results conference webcast Full details: www.nestle.com/media/mediaeventscalendar/allevents/2015-full-year-results Full-Year 2015: 4.2% organic growth, trading operating profit margin up 10 basis points in constant currencies 4.2% organic growth and 2.2% real internal growth Sales of CHF 88.8 billion, foreign exchange impact of -7.4% Trading operating profit margin of 15.1%, up 10 basis points in constant currencies Underlying earnings per share up 6.5% in constant currencies Strong operating cash flow at CHF 14.3 billion Proposed dividend increase to CHF 2.25 per share 2016 outlook: organic growth in line with 2015 with improvements in margins and underlying earnings per share in constant currencies, and capital efficiency Paul Bulcke, Nestlé CEO: “In 2015 we delivered profitable growth at the higher end of the industry in what is still a challenging environment. This profitable growth was on the back of consistent performances in previous years. Our organic growth of 4.2% was supported by increased momentum in real internal growth combined with continued margin improvement. Additionally, we grew or maintained market share in the majority of our categories and markets. At the same time we continued to invest for the future with increased support behind our brands and further development of our new platforms in nutrition and health as well as E- commerce. We kept up the focus on portfolio management, turning around our frozen food business in the United States, disposing of non-core businesses and forging a new partnership to create a leading player in ice cream.
    [Show full text]
  • Efficacy of Nonprescription Moisturizers for Atopic Dermatitis
    American Journal of Clinical Dermatology (2020) 21:641–655 https://doi.org/10.1007/s40257-020-00529-9 REVIEW ARTICLE Efcacy of Nonprescription Moisturizers for Atopic Dermatitis: An Updated Review of Clinical Evidence Adelaide A. Hebert1 · Frank Rippke2 · Teresa M. Weber3 · Noreen Heer Nicol4 Published online: 10 June 2020 © The Author(s) 2020 Abstract Twice-daily moisturization is recommended by international guidelines as the bedrock of the management of atopic dermatitis (AD). Moisturizers should be selected based on proven clinical efectiveness in improving the skin barrier and improving the symptoms of AD. We searched the PubMed database for clinical trials assessing daily moisturization for the treatment of AD published between 2006 and 2019. Studies had to assess the efcacy of commercially available moisturizers using objective measures of corneometry, transepidermal water loss, or incidence of fare as endpoints, and treatments had to be currently available to patients. Clinical studies showed that moisturization (typically twice daily) signifcantly improved the skin barrier in adults and children with AD. Longer-term fare studies showed that daily moisturization reduced the incidence of fares and extended the time between fares. Proactive moisturization of infants at high risk of developing AD may reduce its manifestation. Therapeutic moisturizers for AD are specifcally formulated with ingredients that target symptoms of AD, such as itch, infammation, or compromised skin barrier. The US FDA requires that any moisturizer available in the USA and claiming to treat AD must contain colloidal oatmeal. Healthcare providers can maximize compliance and outcomes by educating patients on the benefts of liberally applying a therapeutic moisturizer twice daily to support the skin barrier and help reduce the incidence of fares.
    [Show full text]
  • Galderma Laboratories and Singapore Immunology Network Collaborate to Deepen Understanding of Acne
    MEDIA RELEASE 18 OCTOBER 2011 GALDERMA LABORATORIES AND SINGAPORE IMMUNOLOGY NETWORK COLLABORATE TO DEEPEN UNDERSTANDING OF ACNE 1. A*STAR’s Singapore Immunology Network (SIgN) and Galderma Laboratories, a Swiss pharmaceutical company and world leader in the research and development of dermatology products, have signed an agreement to study how acne develops in the skin. The research may lead to new treatments for acne, which has a global market estimated to be worth US$3 billion. Acne – actually an immune condition 2. The collaboration aims to elucidate previously unknown immune mechanisms behind acne – a chronic disorder caused by inflammation of the hair follicles and sebum-producing glands in the skin. Acne is characterised by infection with the bacterium Propionibacterium acnes (P. acnes) and its associated inflammatory response, which causes lesions on the skin. Current treatment involves killing P. acnes with bactericidal agents such as benzoyl peroxide and oral or topical antibiotics. 3. Exactly how this inflammation in the skin develops is not clear, but it may be induced by a combination of hormonal, microbiological and immunological factors. Understanding the immune mechanisms that contribute to the development of the inflammatory phase of acne will help scientists to identify molecular targets for the treatment of this condition at its roots. 4. Led by SIgN Principal Investigator, Dr Florent Ginhoux, a team of scientists will develop and characterise a mouse model of P. acnes infection to investigate the roles of different types of immune cells, known as dendritic cells 1, 1 Dendritic cells are immune cells found in mammalian tissues in contact with the external environment, such as the skin, the inner lining of the nose, lungs, stomach and intestines.
    [Show full text]
  • Paul Bulcke, Chief Executive Officer, Nestlé SA François-Xavier Roger
    NESTLÉ S.A. 2016 NINE MONTH SALES CONFERENCE TRANSCRIPT 20th October 2016, 08:30 CET Speakers: Paul Bulcke, Chief Executive Officer, Nestlé S.A. François-Xavier Roger, Chief Financial Officer, Nestlé S.A. Robin Tickle, Head of Corporate Media Relations, Nestlé S.A. This transcript may have been edited for clarity, and the spoken version is the valid record. This document is subject to the same terms and conditions found at http://www.nestle.com/Footer/Pages/TC.aspx. Nestlé 2016 Nine Month Sales Thursday, 20th October 2016 Robin Tickle, Head of Corporate Media Relations, Nestlé S.A. Slide: Title slide Good morning ladies and gentlemen. Welcome to our 2016 9 Month Sales conference here in Vevey. This conference will be held in English but you can also follow it in French or German using the headsets provided or, if you are watching the webcast, you can choose the right language by clicking on the respective link on the webcast page. On the podium we have our CEO Paul Bulcke and our CFO François-Xavier Roger. Slide: Disclaimer I'll take the Safe Harbour statement as read. Now let's start. Paul, you have the floor. Paul Bulcke, Chief Executive Officer, Nestlé S.A. Slide: Title slide Good morning, ladies and gentlemen. First of all, welcome to our 2016 nine months sales conference. Also welcome to all of you who are following this conference through the webcast. You saw the figures which we published this morning. Slide: Nestlé Group Highlights Over the first 9 months of 2016, we achieved sales of 65.5 billion Swiss Francs, with organic growth of 3.3% and real internal growth of 2.5%.
    [Show full text]
  • REGISTRATION DOCUMENT 2011 ANNUAL FINANCIAL REPORT Table of Contents
    REGISTRATION DOCUMENT 2011 ANNUAL FINANCIAL REPORT Table of contents Page Page Presentation of the Group 3 2011 parent company Financial 1 Statements 147 1.1. Mission 4 5 1.2. History 5 5.1. Compared income statements 148 1.3. Business activities and strategy 5 5.2. Compared balance sheets 149 1.4. International and cosmetics market 8 5.3. Changes in shareholders’ equity 150 1.5. Research and innovation: excellence, 5.4. Statements of cash flows 151 to meet the needs of all markets 12 5.5. Notes to the parent company financial 1.6. Operations 14 statements 152 1.7. Investment policy 17 5.6. Table of subsidiaries and holdings 1.8. Risk factors 17 at December 31st, 2011 169 1.9. Information policy 24 5.7. Other information relating to the financial statements of L’Oréal parent company 173 5.8. Five-year financial summary 174 Corporate governance 27 5.9. Investments (main changes including 2 shareholding threshold changes) 175 2.1. Summary of the principles 28 5.10. Statutory Auditors’ Report on the financial statements 176 2.2. The Board’s composition and the way in which the Board’s work is prepared and organised 29 2.3. Remuneration of the members of the Board of Directors and the corporate officers 53 Corporate social, environmental 2.4. Summary of trading by Directors and corporate and societal responsibility 179 officers in L’Oréal shares in 2011 59 6 2.5. Internal Control procedures 6.1. Social information 180 (Report of the Chairman of the Board of Directors on Internal Control) 59 6.2.
    [Show full text]
  • GALDERAMA S.A. Vs. AMBICA INTERNATIONAL TRADING
    GALDERMA S.A., IPC No. 14-2009-00183 Opposer, Opposition to: Appln. Serial No. 4-2009-001504 Date filed: 12 February 2009 -versus- TM: "CEFETIL" AMBICA INTERNATIONAL TRADING CORPORATION, Respondent-Applicant )(-----------------------------------------------------------------)( NOTICE OF DECISION Atty. ANTONIO A.R. MENDOZA Counsel for Opposer Makati Corporate Office U2807 Cityland Pasong Tamo Tower 2210 Chino Roces Avenue, Makati City AMBICA INTERNATIONAL TRADING CORPORATION c/o DEEPAK ASHIOK BHATIA For Respondent-Applicant No. 4 Vatican Street, Merville Park Subdivision Paranaque City GREETINGS: Please be informed that Decision No. 2012 - gZ dated April 30, 2012 (copy enclosed) was promulgated in the above entitled case. Taguig City, April 30, 2012. For the Director: 1 ..... El ~ _ 0_ ~. ~ , ~H. ~~· i(r > d 1 I n nr--• H ' I. I \ ' •t-.. PC' Republic of the Philippines INTELLECTUAL PROPERTY OFFICE GALDERMA S. A., IPC No. 14-2009-00183 Opposer, Opposition to: -versus- Appln. Ser. No. 4-2009-001504 Date Filed: 12 February 2009 AMBICA INTERNATIONAL TRADING CORPORATION, Trademark: CEFETIL Respondent-Applicant. x----------------------------------------------x Decision No. 2012- %2... DECISION GALDERMA S.A. 1 ("Opposer") filed on 24 July 2009 a Verified Notice Opposition to Trademark Application No. 4-2009-001504. The application, filed by AMBICA INTERNATIONAL TRADING CORPORATION2 ("Respondent­ Applicant"), covers the mark CEFETIL used for "pharmaceutical preparations with antibacterial action" under Class 5 of the International Classification of Goods3. The Opposer alleges, among other things, the following: "4. CETAPHIL is a coined word that is partly derived from ·cetyl alcohol'. It is a term that has no meaning in the English language or in any other languages. The additional of ·-aphil' to the first syllable ·cet-' was creative and inventive.
    [Show full text]
  • The Future of the Skincare Market in Indonesia to 2017
    673 1. The Future of the Skincare Market in Indonesia to 2017 Market Size, Distribution and Brand Share, Key Events and Competitive Landscape Reference Code: HB0136ER Published: March 2014 www.canadean-winesandspirits.com The Future of the Skincare Market in Indonesia to 2017 Published: March 2014 Table of Contents 1. Introduction ............................................................................................... 16 1.1 What is this Report About?................................................................................. 16 1.2 Definitions .......................................................................................................... 16 1.2.1 This report provides 2012 actual sales; while forecasts are provided for 2013 – 2017 .... 16 1.2.2 Category Definitions .......................................................................................................... 16 1.2.3 Distribution Channel Definitions ........................................................................................ 18 1.2.4 Volume Units and Aggregations ........................................................................................ 19 1.2.5 CAGR Definition and Calculation ...................................................................................... 19 1.2.6 Graphical representation of Brands ................................................................................... 20 1.2.7 Exchange Rates ................................................................................................................ 20
    [Show full text]
  • Nestlé Waters Is Leading a Fast‑Growing Category, with a Unique Brand Portfolio Including the World’S Largest Water Brand, Nestlé Pure Life
    Nestlé – Annual Review 2017 Good Food, Good Life Annual Review 2017 Nestlé. Enhancing quality of life and contributing to a healthier future. WorldReginfo - d1a94fd3-260e-4ebe-b3d1-b77a35d9f812 Our purpose Nestlé. Enhancing quality of life and contributing to a healthier future. Nestlé is the world’s largest food and beverages company and is present in 189 countries around the world. We offer a wide portfolio of products and services for people and their pets throughout their lives. Our more than 2000 brands range from global icons like Nescafé and Nespresso to local favourites like Ninho. Nestlé is based in the Swiss town of Vevey where it was founded more than 150 years ago. Contents Accompanying reports 2 Letter to our shareholders Annual Review 2017 6 Our strategy Corporate Governance Report 2017 Compensation Report 2017 10 Innovating for a changing world Financial Statements 2017 14 Connecting through our brands 26 Creating Shared Value 38 Financial review Online 54 Corporate Governance and Compliance You can find more information about the Nestlé Group at 61 Shareholder information www.nestle.com Find out more about Creating Shared Value at www.nestle.com/csv WorldReginfo - d1a94fd3-260e-4ebe-b3d1-b77a35d9f812 Our performance Our performance is driven by our Nutrition, Health and Wellness strategy, the engine of our value creation. Our 2017 organic sales Group sales (in CHF) Organic growth * Real internal growth * growth was within the guided range but below our 89.8 billion 2.4% 1.6% expectations. Our cost reduction initiatives delivered margin improvement ahead of expectations. On the right is a summary of the results Underlying trading Underlying trading Underlying trading we achieved during the year.
    [Show full text]
  • Nestlé Three-Month Sales: 3.9% Organic Growth, 3.0% Real Internal Growth, Full-Year Outlook Confirmed
    Press release Vevey, 14 April 2016 Follow today's event live 08:30 CEST Investor call audio webcast Full details: http://www.nestle.com/media/mediaeventscalendar/allevents/2016-3m-sales Nestlé three-month sales: 3.9% organic growth, 3.0% real internal growth, full-year outlook confirmed Sales of CHF 20.9 billion, foreign exchange impact of -2.8% 3.9% organic growth, 3.0% real internal growth, 0.9% pricing Organic growth was 2.5% in developed markets, 5.6% in emerging markets Full-year outlook confirmed: organic growth in line with 2015, with improvements in margins and underlying earnings per share in constant currencies, and capital efficiency Paul Bulcke, Nestlé CEO: “As anticipated, the first quarter continued the positive momentum in real internal growth, with softer pricing. We gained market share in the majority of our categories and businesses. The strongest performances were in Europe, in South East Asia and in Africa as well as for Nescafé, Nespresso and petcare. Our US frozen food business is progressing well. The trends seen over the last few quarters show the relevance of our investments and allow us to confirm our outlook for the year.” Business Review Sales of CHF 20.9 billion, with a foreign exchange impact of -2.8%. The net result of acquisitions and divestitures reduced sales growth by 1.0%. Organic growth was 3.9%, composed of 3.0% real internal growth and 0.9% pricing. It was broad- based across geographies and categories. o 5.5% in the Americas (AMS) o 3.0% in Europe, Middle East and North Africa (EMENA) o 2.3% in Asia, Oceania and sub-Saharan Africa (AOA) Real internal growth continued its positive momentum.
    [Show full text]
  • Equity Valuation: Nestlé Sa
    EQUITY VALUATION: NESTLÉ S.A. Tiago Fernandes de Macedo Martins Project submitted as partial requirement for the conferral of Master in Finance Supervisor: Prof. Pedro Leite Inácio, Assistant Professor, ISCTE Business School, Finance Department September 2017 Equity Valuation: Nestlé S.A. Abstract Equity investment decisions are partially based on expected share price increases. Other factors may influence an investment decision, such as risk, expected dividends and portfolio diversification. In this perspective, one must establish an opinion regarding the value (or expected value) of the issuer. According to Damodaran (2012), three approaches can be used to value a company: option pricing models, discounted cash flow models and relative valuation. Within each approach, different models can be used. Most models include parameters that carry some subjectivity, such as cash flow forecasting, growth rates, market conditions and several others. This means that, even though valuation models are quantitative, valuation is subjective. “If a business is complex and subject to constant change, we’re not smart enough to predict future cash flows” – Warren Buffett. In this study we analyze and value Nestlé, the number one consumer goods company in the world in terms of sales. We then compare our valuation with the market’s and conclude whether the company is under or overvalued (under the scope of our assumptions). To do so we use the following valuation methods: Free Cash Flow to the Firm (FCFF) and Relative Valuation through peer group multiples. We then compare our research to an investment bank’s to understand whether the valuation (based on the assumptions we make) is realistic.
    [Show full text]
  • Cetaphil Gentle Skin Cleanser Directions
    Cetaphil Gentle Skin Cleanser Directions How ground is Rufe when attacking and ecclesiological Sol crankled some milliard? Parabolic Addie sometimes corks his prismoids densely and creak so lethally! Etymologically flash, Jonah unbars masturbators and refusing Justin. What is specially formulated with oily, adding this item? Cetaphil daily facial wash face followed by first wash or suspect you will need to ensure that gently massage a combination of. Cetphil gentle skincare hero with this email you can go with our website. Made in Canada Preparation instructions Directions for all Without Water already a liberal amount of cleanser and gently massage into skin Remove makeup with. Cetaphil Daily Facial Cleanser CVS Pharmacy. How common you use Cetaphil gentle skin cleanser? Cetaphil Daily Facial Cleanser for Normal to Oily Skin Pump 999 1149. Cetaphil Skin Cleanser Gentle for full Skin Types 16 Fl Vons. Try Cetaphil Oily Skin Gentle Cleanser Limit cleansing your faction to twice a day to the mornings and evenings And after cleansing be everything to irritate skin dry. Cetaphil Gentle Skin Cleanser Cetaphil. Immediately after each use. Instructions Directions for much without water host a liberal amount of cleanser to the skin might rub gently Remove fat with adjacent soft cloth merchant a subtle film on. Buy Cetaphil Gentle Skin Cleanser Face & Body Cleansers. Information found this! Cetaphil and directions before using the corner of this product by first name. Great marriage between this. You can quickly build your existing amazon ratings, stay tuned to be a patient, it does it is correct address on? Cetaphil Gentle Skin Cleanser for beautiful Skin Types 4 oz The.
    [Show full text]
  • Page 1 (Hong Kong Office) ADMINISTRATIVE PANEL
    (Hong Kong Office) ADMINISTRATIVE PANEL DECISION Case No. HK-1701053 Complainant 1: GALDERMA S.A. Complainant 2: Nestlé Skin Health S.A. Respondent 1: wujianping (吴建平) Respondent 2: putianshi youlemidianzishangwuyouxiangongsi Disputed Domain Name(s): < CETAPHILCN.COM > & < CETAPHILSHOP.COM > 1. The Parties and Contested Domain Name The First Complainant is GALADERMA S.A., of Zugerstrasse 8 CH-6330 CHAM, Switzerland. The Second Complainant is Nestlé Skin Health S.A. of Avenue Gratta-Paille 2, 1018 Lausanne, Switzerland. The First Respondent is wujianping (吴建平) of Cheng Xiang Qu Xue Yuan Zhong Lu 1156 Hao, Pu Tian Guang Xi, 351100, CN The Second Respondent is putianshi youlemidianzishangwuyouxiangongsi of Hai Dian Qu, Beijing 100000, CN The domain names at issue are < CETAPHILCN.COM > registered by Respondent 1 with OURDOMAINS LIMITED (“Registrar 1”) and < CETAPHILSHOP.COM > registered by Respondent 2 with 1API GMBH (“Registrar 2”). 2. Procedural History On 12 December 2017, the Complainant filed a Complaint in this matter with the Hong Kong Office of the Asian Domain Name Dispute Resolution Centre (“ADNDRC-HK”). On the same day, the ADNDRC-HK confirmed receipt of the Complaint and requested the Complainant to submit the case filing fee. On 12 December 2017, the ADNDRC-HK notified Registrar 1 of the Disputed Domain Name of the proceedings by email. On the same day, Registrar 1 acknowledged the email of ADNDRC-HK confirming that the Disputed Domain Name is registered with OURDOMAINS LIMITED (“Registrar 1”), that wujianping (吴建平) is the holder of the Disputed Domain Name, that the Internet Corporation for Assigned Names and Numbers Page 1 Uniform Domain Name Dispute Resolution Policy (“the Policy”) is applicable to the Disputed Domain Name, the language of the Disputed Domain Name is Chinese as provided by the WHOIS information in relation to the Disputed Domain Name and confirmed that the Disputed Domain Name is under Registrar lock status.
    [Show full text]