FDBusiness.com

Nestle Maintains Momentum During First Half

 Breaking News
  • PepsiCo to Acquire SodaStream International For $3.2 Billion PepsiCo has agreed to acquire SodaStream International, the international producer of home carbonation systems, for $3.2 billion. The transaction will be funded with PepsiCo’s cash on hand. The acquisition has been unanimously approved by the boards of directors of both companies but is subject to a SodaStream shareholder vote, certain regulatory approvals and other customary [...]...
  • €48 Million Investment Programme at Aurivo As a key component of its Engage 2022 strategic growth plan, Aurivo, the agri business headquartered in the north-west of Ireland, has announced a €48 million investment plan for the next five years. The expansion programme incorporates a range of projects across its dairy ingredients, consumer foods and agri businesses and will grow employment across [...]...
  • ADM Adds to Nutrition Offerings With Acquisition of Probiotics International Archer Daniels Midland Company has successfully completed its acquisition of Probiotics International – known under its umbrella brand Protexin – a UK-based manufacturer of innovative research-based, natural healthcare and probiotic supplements for human, pet and production-animal use. The £185 million deal is the latest in a series of investments as ADM continues to expand its [...]...
  • Iconic Biscuits Launches New Local Brand – Boozy Biccies Launched in 2017, Iconic Biscuits was developed to fill the need for a locally produced, Northern Ireland biscuit in the international gift market. This year, they have a new range of biscuits, designed for the home market. Boozy Biccies is a fun and exciting new selection of biscuits in three flavours, all made using local ingredients [...]...
  • Coca-Cola to Acquire Minority Stake in Sports Performance Brand Coca-Cola is taking a minority ownership stake in BODYARMOR, a fast-growing line of premium sports performance and hydration beverages. Through this strategic relationship, BODYARMOR will remain an independent company and gain access to the expansive Coca-Cola bottling and distribution system. The initial investment, which will be part of the Coca-Cola North America Venturing & Emerging Brands [...]...

Nestle Maintains Momentum During First Half

Nestle Maintains Momentum During First Half
August 09
11:05 2012

Reflecting growth across all its global regions, Nestle has reported a 7.5% increase in group sales to SFr44.1 billion (Eur36.7 billion) with net profit up 8.9% to SFr4.7 billion for the first half of 2012. Organic sales growth was 6.6%, composed of real internal growth of 2.9% and pricing of 3.7%. Acquisitions, net of divestitures, contributed 2.7%.

The Swiss food and beverage group managed to offset rising input costs through savings from its Nestle Continuous Excellence programme as well as timely pricing increases. Group trading operating profit rose by 6.3% to SFr6.6 billion. The margin was 15.0%, in line with expectation that the margin performance would be second-half weighted. Nestle is continuing to invest in R&D to drive innovation, maintaining the level at 1.6% of sales.

Growth was achieved in all regions of the world. The Americas exhibited organic growth of 6.4%, Europe 2.6% and Asia, Oceania and Africa 12.6%. Nestle’s business grew 12.9% in emerging markets and 2.6% in developed markets.

Paul Bulcke (pictured), chief executive of Nestle, comments: “We continue to drive innovation globally, ranging from popularly positioned products to super premium offerings. We are continually opening new routes-to-market to reach emerging consumers, and using new media to increase both our direct engagement with consumers and our return on brand investment. This approach has delivered profitable growth in both emerging and developed markets. Our first-half top line growth and our trading operating profit margin, together with our focus on capital efficiency, allow us to reconfirm our full-year outlook.”

Nestle’s full-year outlook is for organic growth of 5% to 6%, improved margin and underlying earnings per share in constant currencies.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 12, 2018Packaging Innovations & Luxury Packaging London 2018
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements