Good start for Nestlé in 2016

Good start to 2016 for NestléEnjoying good food.Photo Nestle.

The world’s largest food and beverages company, Nestle, announces strong figures for the first quarter of 2016.

As expected, the positive trend continues in the first quarter, and we are taking market share across categories and markets. The strongest figures come from Europe, South-East Asia and Africa, as well as for Nescafé, Nespresso and petfood. Frozen foods in the US have also performed well. The trend we saw in recent quarters shows that investments we have made are correct, and this makes it possible for us to confirm the forecasts for 2016, said Paul Bulcke, the CEO of Nestlé.
The positive development is primarily due to volume growth – not inflation. In Europe, Nestlé had a turnover of four billion CHF, that is  just over 34 billion Norwegian kroner in the first quarter. There is also good growth in Western Europe, with Germany, Britain, Italy and Spain being the major sources of income.

 

Nestlé Norway is part of Nestle SA, the world’s leading food company in nutrition, health and wellness. The company’s history in Norway dates back to 1898 and the acquisition of Viking Melk.

 

Highlights:

Nestlé three-month sales: 3.9% organic growth, 3.0% real internal growth,
full-year outlook confirmed

 Sales of CHF 20.9 billion, foreign exchange impact of -2.8%

 3.9% organic growth, 3.0% real internal growth, 0.9% pricing

 Organic growth was 2.5% in developed markets, 5.6% in emerging markets

 Full-year outlook confirmed: organic growth in line with 2015, with improvements in margins and
underlying earnings per share in constant currencies, and capital efficiency

 

Source: Nestle / Norway Today

 

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