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.