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

Vevey / CH. (nsa) Swiss Nestle S.A. reported three-month sales for 2023 (3M-2023).

  • Total reported sales increased by 5.6 percent to CHF 23.5 billion (3M-2022: CHF 22.2 billion). Foreign exchange decreased sales by 4.0 percent. Net acquisitions had a positive impact of 0.3 percent.
  • Organic growth reached 9.3 percent, with broad-based contributions across geographies and categories. Pricing was 9.8 percent, reflecting significant cost inflation. Real internal growth (RIG) was -0.5 percent.
  • Full-year 2023 outlook confirmed: we expect organic sales growth between 6 percent and 8 percent and underlying trading operating profit margin between 17.0 percent and 17.5 percent. Underlying earnings per share in constant currency is expected to increase between 6 percent and 10 percent.
CEO Mark Schneider: «Nestle delivered strong organic growth in the first quarter, as our teams worked diligently to protect volume and ensure resilient mix. Portfolio optimization efforts and responsible pricing helped to offset the ongoing pressures from two years of cost inflation. We continued our portfolio management journey with the creation of a joint venture dedicated to the frozen pizza business in Europe. The new partnership provides the best platform to develop the full potential of this business. Following a strong start to the year, we confirm our full-year 2023 outlook and remain focused on creating value for all stakeholders.» For additional information please read the Company’s PDF file below (269 KB):