Nestle S.A.: reports nine-month sales for 2022

Vevey / CH. (nsa) Organic growth reached 8.5 percent. Pricing was 7.5 percent, reflecting significant cost inflation. Real internal growth (RIG) was resilient at 1.0 percent. Organic growth was broad-based across most geographies and categories – Swiss Nestle S.A. reports in its ad hoc announcement regarding the nine-month sales for 2022. Summary:

  • Organic growth reached 8.5 percent. Pricing was 7.5 percent, reflecting significant cost inflation. Real internal growth (RIG) was resilient at 1.0 percent. Organic growth was broad-based across most geographies and categories.
  • Total reported sales increased by 9.2 percent to CHF 69.1 billion (9M-2021: CHF 63.3 billion). Net acquisitions had a positive impact of 1.2 percent. Foreign exchange decreased sales by 0.6 percent.
  • Portfolio management on track. In the third quarter, Nestle Health Science completed the acquisitions of Puravida in Brazil and The Better Health Company in New Zealand.
  • Full-year 2022 outlook updated: we now expect organic sales growth around 8 percent. The underlying trading operating profit margin is expected around 17.0 percent. Underlying earnings per share in constant currency and capital efficiency are expected to increase.
The announcement is quoting CEO Mark Schneider as follows: «We delivered strong organic growth as we continued to adjust prices responsibly to reflect inflation. The challenging economic environment is a concern for many people and is impacting their purchasing power. That’s why we aim to keep products affordable and accessible while considering the interests of all our stakeholders. Our real internal growth remained resilient despite a high base of comparison and continued supply chain constraints, with limited demand elasticity. At the same time, we continue to invest in R+D, marketing and sustainability initiatives, as demonstrated by the recent launch of our Nescafe Plan 2030. We remain confident in the strength of our brands, operational execution and underlying category dynamics which position us well for future growth.» For additional information please read the Company’s PDF file below (295 KB):

20221019-NESTLE-9M-2022
.

bakenet:eu
Back to top