Nestlé Nine-Month Sales: Broad-Based Organic Growth Of 4.5% In A Volatile Environment

Oct. 17, 2014

Vevey, Switzerland,Oct 16, 2014 - Nestlé releases 9-month sales report.

  • Sales of CHF 66.2 billion, organic growth of 4.5%, real internal growth of 2.3%
  • Growth in developed markets 0.5%, emerging markets 9.5%
  • Full-year outlook unchanged: we are still aiming for organic growth around 5% with improvements in margins, underlying earnings per share in constant currencies and capital efficiency

Paul Bulcke, Nestlé CEO: “In a volatile global trading environment where there are no tailwinds, we achieved good broad-based growth. While focusing on delivery today, we have taken decisions that reshape and strengthen our business for tomorrow. We have created ‘Nestlé Business Excellence’ to better leverage our scale and ensure that our markets can concentrate on growing their respective businesses. Despite the tough environment, in view of our year-to-date performance, we are still aiming for organic growth of around 5% for 2014 with improvements in margins, underlying earnings per share in constant currencies and capital efficiency.”

Business review

In the first nine months of 2014, organic growth was 4.5%, composed of 2.3% real internal growth and 2.2% pricing. Sales were CHF 66.2 billion, impacted by substantial negative foreign exchange of -7.5%, and divestitures, net of acquisitions, further reduced sales growth by -0.1%. As a result the total evolution of sales was -3.1%.

We continued to grow in all geographies: 5.1% in the Americas, 1.4% in Europe and 6.5% in Asia, Oceania and Africa. The developed markets grew 0.5 % and the emerging markets 9.5%.

Full report.

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