News

Nestlé reports 9-month numbers

For the first nine months of 2019, Nestlé saw organic growth of 3.7%, with real internal growth (RIG) of 3.0% and pricing of 0.7%.

Growth was supported by strong momentum in the United States, and globally from Purina PetCare. Total reported sales increased by 2.9% to CHF 68.4 billion (9M-2018: CHF 66.4 billion).

Net acquisitions had a positive impact of 0.7% and foreign exchange reduced sales by 1.5%.

Full-year guidance for 2019 was confirmed. Nestlé expects organic sales growth around 3.5% and the full-year underlying trading operating profit margin at or above 17.5%. Underlying earnings per share in constant currency and capital efficiency are expected to increase.

Mark Schneider, Nestlé CEO, said: "We are pleased with our nine-month results and have made further progress towards our 2020 financial goals. We continue to see good momentum in our largest market, the United States and very strong growth for Purina PetCare globally. Nestlé’s growth was supported by investment behind our brands, rapid innovation and disciplined execution. During the third quarter, the roll-out of Starbucks products continued, now reaching 34 countries. Our portfolio transformation is fully on track, as shown by the timely completion of the Nestlé Skin Health disposal. With prudent investments and a disciplined approach to acquisitions our value creation model is generating profitable growth and attractive cash returns for our shareholders."