22/02/2024 | Industry, International
Nestlé records slight decline in 2023 full-year sales
Nestlé SA, Vevey, has reported full-year results for 2023. Organic growth reached 7.2%, with pricing of 7.5% and real internal growth (RIG) of - 0.3%.
According to the company, growth was broad-based across geographies and categories. Total reported sales were CHF 93.0 bn, a decrease of 1.5% (FY-2022: CHF 94.4 bn). Foreign exchange decreased sales by 7.8%. Net divestitures had a negative impact of 0.9%. Net profit increased by 20.9% to CHF 11.2 bn. Net profit margin increased by 230 basis points to 12.1% on a reported basis and by 240 basis points in constant currency.
Nestlé confectionery recorded organic growth of 8.5% to CHF 8.107 bn (FY-2022: CHF 8.118 bn), with pricing of 7.0% and RIG of 1.5 %. The sales plus was fueled by continued double-digit growth for KitKat.