FDBusiness.com

Nestlé Confirms Full Year Outlook

 Breaking News
  • Lantmännen Expands its Oats Capacity Lantmännen, the Nordic region´s leader in agriculture, machinery, bioenergy and food products, has signed an agreement with Tate & Lyle, the UK-based global food and beverage ingredients and solutions provider, for the acquisition of a production facility in Sweden. The acquisition gives Lantmännen opportunities to expand its oats capacity and invest in additional processing of [...]...
  • UK Food and Drink Exports Growth Slow to a Crawl in 2018 The Food and Drink Federation (FDF) has published analysis showing that food and drink exports have increased by only 2.5% to £22.6 billion from January–December 2018, compared to the same period in 2017, down from 9.7% growth in the previous year. This slower growth was seen in both exports to EU markets, up 4.3% in [...]...
  • AB InBev Changes Name in the UK AB InBev has changed the name in of its UK and Irish business to Budweiser Brewing Group UK&I and opened a new London headquarters. Now under the guidance of new president Paula Lindenberg, Budweiser Brewing Group UK&I has been growing by double-digits in the UK in recent years. In addition to Budweiser, the brands portfolio [...]...
  • New Global Chief at Pilgrim’s Pride Pilgrim’s Pride Corporation, a worldwide leader in poultry and prepared foods and the owner of Northern Ireland-based Moy Park, has appointed Jayson Penn, formerly President of Pilgrim’s USA, to succeed Bill Lovette, as President and Chief Executive Officer of Pilgrim’s Pride. Bill Lovette will remain available to provide strategic advisory services to the company through [...]...
  • Mondelēz International Partners With Food Business Incubator Mondelēz International has announced a partnership with The Hatchery Chicago, a non-profit food business incubator, as it ramps up its innovation efforts to lead the future of snacking. The partnership is one of several investments the company is making as part of SnackFutures, the company’s innovation and venture hub aimed at unlocking snacking growth opportunities [...]...

Nestlé Confirms Full Year Outlook

Nestlé Confirms Full Year Outlook
April 20
11:54 2015

Nestlé has reported a by 0.5% rise in sales to SFr20.9 billion (20.3 billion) for the first quarter of 2015 and confirmed its full year outlook. Sales were impacted by negative foreign exchange of -4.5%,  and acquisitions, net of divestitures, added 0.6%.

Organic growth was 4.4%, composed of 1.9% real internal growth and 2.5% pricing. Nestlé continued to grow in all geographies during the period – 5.6% in the Americas (AMS), 4.5% in Europe, Middle East and North Africa (EMENA) and 2.2% in Asia, Oceania and sub-Saharan Africa (AOA). Organic growth in developed markets was 2.5% and 6.7% in emerging markets. The Nestlé Waters division posted 7.4% organic growth.

Paul Bulcke (pictured), chief executive of Nestlé, comments: “Our three-month sales growth was in line with expectations and driven by both real internal growth and pricing. We delivered good performances in Zone EMENA, Nestlé Waters and Other businesses. We continued our efforts to restore momentum in Zone AOA and in North America, and expect these initiatives to gain traction throughout the year. Our full-year outlook is confirmed – we aim to achieve organic growth of around 5% with improvements in margins, underlying earnings per share in constant currencies and capital efficiency.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements