NestlŽ Reports Nine-Month Sales For 2017

by swisscham in Hospitality, Retail, Tourism

NestlŽ released their nine-month sales report on 19 October. Mark Schneider, NestlŽ CEO said, ÒOur sales results for the nine-month period are in line with our expectations communicated in July. Organic sales growth continued to benefit from industry-leading volume growth, which illustrates our ability to innovate and meet consumer demand. Pricing remained soft. Zone Asia, Oceania and sub-Saharan Africa saw further improvement in organic growth. As expected, Western Europe returned to positive organic growth, with significant contributions from coffee and confectionery. Improving our efficiency is a key priority. We have identified further opportunities to accelerate our margin improvement, leading to a further increase in restructuring and related expenses in 2017. Consequently, we now expect our trading operating profit margin to decrease by 40-60 basis points. The development of our underlying trading operating profit margin is fully in line with our expectations for 2017.Ó According to the report, growth in China continued to improve in the third quarter with positive momentum across the portfolio, particularly in coffee and culinary.

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