Nestlé Group continues robust sales development

According to the company, organic growth reached 3.5%, with Real Internal Growth (RIG) of 3.3%. Pricing contributed 0.2%. Organic growth improved to 4.9% in the third quarter.

Divestitures decreased sales by 5.5%, largely related to the divestment of Nestlé Skin Health and the U.S. ice cream business. Foreign exchange reduced sales by 7.4%, reflecting the continued appreciation of the Swiss franc versus most currencies. Growth was based on sustained momentum in the Americas and continued robust sales development in EMENA. Growth in AOA was slightly positive. Organic growth was 3.9% in developed markets, based entirely on RIG. Growth in emerging markets improved to 2.8%, supported by both RIG and pricing.

Nestlé Group`s product category confectionery achieved nine-month sales of CHF 4.713 bn (9M-2019: CHF 5.358 bn). Organic growth was - 1.8% with RIG of - 0.6% (pricing - 1.2%).