Nestle S.A.: reports nine-month sales for 2023

Vevey / CH. (nsa) Organic growth reached 7.8 percent, with pricing of 8.4 percent and real internal growth (RIG) of -0.6 percent. Growth was broad-based across geographies and categories. Total reported sales decreased by 0.4 percent to CHF 68.8 billion (9M-2022: CHF 69.1 billion). Foreign exchange decreased sales by 7.4 percent. Net acquisitions had a negative impact of 0.8 percent. The Group announced an agreement to acquire a majority stake in Grupo CRM, a premium chocolate company in Brazil. Also the Group divested Palforzia, its peanut allergy treatment business, to Stallergenes Greer. – Swiss Nestle S.A. reports in its ad hoc announcement regarding the nine-month sales for 2023. Summary:

CEO Mark Schneider: «Our diversified portfolio and differentiated offerings helped us deliver strong organic growth in the first nine months of the year. Growth was driven by pricing as we continued to navigate historic inflation levels. The recovery of our volume and mix is underway. We are seeing the benefits of our portfolio optimization initiatives and increasing marketing investments behind our billionaire brands. These steps underpin our confidence that real internal growth, the sum of volume and mix, will turn positive in the second half of the year and again become the main driver of growth going forward.

«At the same time, Nestlé has further strengthened its nutrition strategy and stepped-up its efforts to guide people towards a balanced diet. Actions include providing clear, front-of-pack portion guidance, transparency on the nutritional value of our products and leading marketing-to-children policies. We also set an ambitious target to grow the sales of our more nutritious products by CHF 20-25 billion by 2030.» For additional information please read the Company’s PDF file below (276 KB):