Nestlé 2013: organic growth and trading operating profit up

In 2013 Nestlé's sales increased by 2.7% to CHF 92.2 bn, impacted by negative foreign exchange of 3.7%. Organic growth was 4.6%, composed of 3.1% real internal growth and 1.5% pricing. According to the company, acquisitions, net of divestitures, added 1.8% to sales. The Group's trading operating profit was CHF 14.0 bn, representing a margin of 15.2%, up 20 basis points versus last year, and up 40 basis points in constant currencies.

Net profit was CHF 10.0 bn down slightly due to the costs of portfolio restructuring and the currency impact. As a consequence, reported earnings per share were CHF 3.14, down 2.2%. Underlying earnings per share in constant currencies were up 11.0%. The Nestlé Group's organic growth was broad-based, 5.1% in the Americas, 0.8% in Europe and 7.4% in Asia, Oceania and Africa. The business in developed markets grew 1.0%, achieving sales of CHF 51.4 bn. The emerging markets business grew 9.3%, delivering sales of CHF 40.8 bn. Real internal growth was 2.1% in the Americas, 1.9% in Europe and 5.9% in Asia, Oceania and Africa.

The product category Nestlé confectionery delivered sales of CHF 10.3 bn, organic growth was 5.0%. The trading operating profit margin was 15.9%, down 100 basis points.

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