FDBusiness.com

Strong First Half From Nestle

 Breaking News
  • Valeo Foods Acquires Tangerine Confectionery For £100 Million Valeo Foods Group, the acquisitive Irish and international food business, is reported to have purchased Tangerine Confectionery of the UK for £100 million (€112 million) from Blackstone Group. The deal adds popular UK confectionery brands such as Dip Dab, Fruit Salad and Blackjack to Valeo Foods Group’s growing portfolio, and will increase annual turnover to [...]...
  • Constellation Brands to Invest $4 Billion to Develop Canabis Market Constellation Brands, the North American and international alcoholic drinks group, is investing US$4 billion (C$5 billion) to increase its stake in Canopy Growth Corporation, a leading diversified cannabis company, to 38%. The significantly expanded strategic partnership will position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing. As a result of [...]...
  • Brewing Up Authenticity, Vibrancy, and Sol With the hot summer months in full swing, beer lovers are reaching for their favorite cold brews to beat the heat. But as consumers venture down their grocer’s beer aisle, they are met with an onslaught of brands vying for attention in a sea of packaging. When MillerCoors recently relaunched the Mexican import brand Sol, they [...]...
  • Carlsberg Group Delivers Strong First Half Carlsberg Group has increased operating profit organically by 14.2% in the first half of 2018 with all three of its regions – Western Europe, Asia and Eastern Europe – delivering very solid performances. Organic net revenue growth was 5.1%. Reported operating profit rose by 6.0% to DKr4.373 billion (€586.5 million), impacted by negative currency factors [...]...
  • Levi Roots Caribbean Snack Pots Launched by Aimia Foods Aimia Foods is introducing to the market ‘Levi Roots Caribbean Snack Pots’, a range of On the Go Instant Snack Pots, that consumers simply add hot water to and stir for ease of preparation. Using natural, clean ingredients, the products have an authentic, home cooked taste and incorporate the Levi Roots Caribbean vibe, flavours and recipes. Michelle [...]...

Strong First Half From Nestle

Strong First Half From Nestle
August 12
11:26 2010

Benefiting from deeper penetration in emerging markets of the world, the continued success of its premium products in both developing and developed markets and extra marketing investment, Nestle has increased net profit by 7.5% to SFr5.5b (Eur4.0b) on group sales up by 5.9% to SFr55.3b for the first half of 2010. Organic sales growth was 6.1%, including real internal growth of 4.6%.

The group’s EBIT margin increased by 100 basis points to 15.1%, or by 70 basis points on a like-for-like basis in constant currencies. The ongoing efficiency drive under the Nestle Continuous Excellence programme contributed to the improvement in EBIT margin, even after increased investment in the business to improve long-term performance.

Sales from Nestle’s Food and Beverages business increased by 5.6% to SFr51.0b with organic growth of 5.7% and real internal growth of 4.2%. Food and Beverages’ EBIT was SFr6.7b as the margin improved by 60 basis points to 13.0%, reported and in constant currencies. The higher EBIT margin was achieved while increasing the Food and Beverages consumer-facing marketing spend by over 14% in constant currencies.

Paul Bulcke, chief executive of Nestle.

Within Europe, Nestle exhibited organic sales growth of 2.2% and real internal growth of 1.3% as sales reached SFr10.7b and the EBIT margin rose by 10 basis points to 11.9%. In Western Europe, Nestle managed positive real internal growth in all key markets as it concentrated on increasing distribution, improving customer service and accelerating innovation and renovation. In Southern Europe, positive growth was seen in Italy and the Iberian region and, in Eastern Europe, Poland and the Ukraine were strong performers. In Russia, Nestle experienced good performances in many categories although ice cream and confectionery remained soft.

“The group’s very successful first-half performance is due to the excellent execution of our proven strategies in all parts of the world, covering the full range from premium brands to value-priced offerings, combined with the ongoing successful implementation of Nestle Continuous Excellence,” says Paul Bulcke, chief executive of Nestle.

“We have increased investment in our brands, people and capabilities and have prepared the company for a more challenging second half, which allows me to reconfirm our earlier full-year guidance for Food and Beverages: organic growth of around 5% combined with an increase in EBIT margin in constant currencies.”

About Author

colin

colin

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