Nestlé: confirms FY 2023 forecasts
(CercleFinance.com) - Over the first 9m organic growth reached 7.
8% at 68,829m Swiss francs.
The price effect was 8.4%, reflecting the impact of cost inflation over the last two years. Real organic growth was negative at -0.6%.
Growth was broadly spread across most regions and categories. In developed markets, organic growth reached 6.9%, driven by the price effect with negative real organic growth.
In emerging markets, organic growth reached 9%, led by pricing and slightly positive real organic growth.
Nestlé has confirmed its FY 2023 forecasts. It is targeting organic sales growth of 7% to 8% and a recurrent underlying operating margin of 17% to 17.5%.
Recurring EPS at constant currencies is expected to increase by 6% to 10%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
8% at 68,829m Swiss francs.
The price effect was 8.4%, reflecting the impact of cost inflation over the last two years. Real organic growth was negative at -0.6%.
Growth was broadly spread across most regions and categories. In developed markets, organic growth reached 6.9%, driven by the price effect with negative real organic growth.
In emerging markets, organic growth reached 9%, led by pricing and slightly positive real organic growth.
Nestlé has confirmed its FY 2023 forecasts. It is targeting organic sales growth of 7% to 8% and a recurrent underlying operating margin of 17% to 17.5%.
Recurring EPS at constant currencies is expected to increase by 6% to 10%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.