Nestle SA Reports 6.6 Percent Organic Growth In First Half Of Year
Nestle Waters sales was CHF 3.6 billion, 5.6 percent organic growth, 3.5 percent real internal growth; TOP margin of 10.0 percent, + 140 bps.
Nestlé Waters’ growth was driven by North America and emerging markets. The water category continued to evolve positively overall. Nestle Pure Life drove geographic expansion in emerging markets, as did international brands Perrier and S. Pelligrino globally.
North America maintained its momentum from 2011 both in the retail and home and office channels. All tiers of business, from Nestle Pure Life at the value end, to the regional waters such as Poland Spring and Ice Mountain, to the premium international sparkling waters such as Perrier and S. Pelligrino contributed to this performance.
The trading operating profit margin for Nestlé Waters increased by 140 bps thanks to continued growth, product mix, effective pricing and cost management initiatives.
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