Nestle ceo says impact of migration from direct store delivery model will be felt most in 2020

Portfolio management was a bit heavy on disposals and a bit light on acquisitions, 2020 will be better in that regard.says organic growth from portfolio management in 2019 was 35 basis points.says we continue to be very bullish about starbucks in 2020 and beyond.sees accelerating double-digit growth rates for plant-based products.says plant based business growing in double digits in 2019 already.says very bullish for 2020 and beyond.says direct store delivery migration impact will be felt most in 2020.says water business has been source of disappointment for 2 years, will unveil new strategy for waters this year, most likely in h1.says have nothing to announce on yinlu at present time.says acquisitions will help company grow.says moving out of dsd has massive positive effects on bottom line, also on topline at a later stage.says doesn't rule out big acquisitions, but small and mid-sized ones are the sweet spot.says co has key know how for plant-based products in house but could look at plant-based m&a if "something obvious comes up".says mainstream infant nutrition business in china is under pressure from local rivals.
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