Nestlé: FY underlying EPS up 9%

(CercleFinance.com) - Nestlé has reported 2022 underlying EPS that is up 9.
4% at constant exchange rates (+8.4% as reported), to 4.80 Swiss francs, for an underlying operating margin of 17.1%, down 40 bp at constant exchange rates.

The Swiss food group's total reported sales rose 8.4% to 94.4 billion Swiss francs, with organic growth of 8.3% driven almost entirely by an 8.2% price effect, reflecting significant cost inflation.

Its board of directors is proposing a dividend of 2.95 Swiss francs per share for the past year, up 15 cents, its 28th consecutive year of dividend increases.

For 2023, Nestlé expects organic sales growth of 6% to 8% and an underlying operating margin of 17% to 17.5%. Underlying EPS at constant exchange rates is expected to increase by 6% to 10%.


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