Nestlé: nine-month sales in line with expectations

 

Net divestments had a negative impact of 2.6%, largely related to the creation of the Froneri joint venture. Foreign exchange reduced reported sales by a further 0.4%. Total reported sales were CHF 65.3 bn (- 0.4%). Sales in the confectionery category (CHF 5.978 bn) remained stable with an improved real internal growth of 1.4%.

Mark Schneider, Nestlé CEO, commented: "Our sales results for the nine-month period are in line with our expectations communicated in July. Organic sales growth continued to benefit from industry-leading volume growth, which illustrates our ability to innovate and meet consumer demand. Pricing remained soft. Zone AOA saw further improvement in organic growth. As expected, Western Europe returned to positive organic growth, with significant contributions from coffee and confectionery."