SWITZ: Nestle hails 2009 performance
By: just-food.com | 19 February 2010
 |
Nestle 2008 net income boosted by Alcon |
Nestle, the world's largest food maker, today (19 February) that the company grew "substantially faster" than its competitors in 2009.
CEO Paul Bulcke pointed to a 4.1% rise in sales on an organic basis and a "further significant improvement" in EBIT margin.
"We stepped up investment in our brands and the pace of our innovation, adapted our products to the changing needs of consumers and further accelerated efficiencies," Bulcke said.
"These actions, together with the disciplined alignment of our people behind clear strategic priorities, allowed us to again combine a strong top and bottom line performance in 2009, coming on top of excellent results in 2008."
Annual turnover reached CHF108bn, up 4.1% organically and 1.9% of "real, internal growth", Nestle said. On a reported basis, Nestle's annual sales were down from the CHF109.91bn recorded in 2008, as the company was hit by foreign exchange. EBIT reached CHF15.7bn, against EBIT of 15.68bn a year ago.
Nestle's net profit slid 42% in 2009 to CHF10.43bn. The company's figures in 2008 included contributions from eye-care business Alcon. Last month, Nestle said it would sell its remaining 52% stake in Alcon to health-care giant Novartis.
Click here for the full 2009 results release from Nestle and check back later for coverage of the company's press conference on the numbers.
Sectors: Baby food, Chilled foods, Confectionery, Dairy, Emerging markets
Companies: Nestle
View next/previous articles
19 Feb 2010 -
19 Feb 2010 -
Currently reading -
SWITZ: Nestle hails 2009 performance
19 Feb 2010 -
19 Feb 2010 -
Related research
This report analyses the worldwide markets for Baby Foods and Infant Formula in US$ Million by the following product segments: Infant Formula (Baby Milks/Baby Formulas), Baby Meals, Baby Cereals, Baby Juices/Drinks, and Baby Biscuits/Cookies. The rep...
This report analyzes the worldwide markets for Yoghurt in Thousand Tons. The report provides separate comprehensive analytics for US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World....
Related articles
Quote, unquote: just-food's week in words
Concerns over the grain crisis in Russia trickled down through the financial results this week, with companies like Nestle and Sara Lee hinting at possible price increases due to increased commodity prices.
just the facts - Guatemalan food market
Nestle this week announced plans to acquire a majority stake in Guatemalan soups-to-curry producer Malher Group.
There are currently no comments on this article
Be the first to comment on this article