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Nestlé reports 4.5% growth

Nestlé has announced organic growth of 4.5% for the first half of 2015 with sales of CHF42.8 billion. Net profit was CHF4.5 billion. Trading operating margin was up 20 basis points in constant currencies. “The first half results were in line with our expectations, broad-based across categories and geographies, solid even in difficult circumstances, and […]

Nestlé has announced organic growth of 4.5% for the first half of 2015 with sales of CHF42.8 billion. Net profit was CHF4.5 billion. Trading operating margin was up 20 basis points in constant currencies.

“The first half results were in line with our expectations, broad-based across categories and geographies, solid even in difficult circumstances, and consistent with our strong performance over time,” said Paul Bulcke, Nestlé CEO. “They reflect the relevance and strength of our Nutrition, Health and Wellness strategy and our discipline in execution. Our investments in the new growth platforms Nestlé Health Science and Nestlé Skin Health are delivering and complement the good momentum in our food and beverages businesses. This allows us to confirm the outlook for the full year.”

Nestlé Nutrition saw sales of CHF5.3 billion, 3.9% organic growth, 1.3% real internal growth; 23.0% trading operating profit margin, +140 basis points. The company said the business delivered growth across geographies and brands despite difficult comparisons, especially in Asia. The well-supported innovation pipeline continued to deliver new products for the Nido, Nan and Cerelac brands. Wyeth Infant Nutrition delivered good growth, in particular in Asia where the premium brands S-26 and Illuma expanded their e-commerce footprint. The South Asia Region, Mexico and the Philippines performed well for Nestlé Infant Nutrition. In North America innovation in our Gerber infant cereals range continued to support growth and there were new product launches in meals and drinks.