Receive our newsletter – data, insights and analysis delivered to you
  1. News
April 17, 2015updated 07 Apr 2021 1:17pm

Nestle sales rise on emerging markets, pricing

Nestle has booked an expectation beating increase in first quarter sales on the back of pricing action and growth in emerging markets.

  • Nestle organic sales up 4.4%, RIG up 1.9%
  • Milk and ice cream sales drop again
  • FY outlook confirmed

Nestle has booked an expectation beating increase in first quarter sales on the back of pricing action and growth in emerging markets.

The Swiss food giant said this morning (17 April) that organic sales increased 4.4% in the quarter to CHF20.91bn (US$21.8bn), compared to consensus expectations of 4.2%. Higher organic sales was mainly driven by revenues in emerging markets, which increased 6.7%. Sales in developed markets were up 2.5%.

However, real internal growth – a measure that strips out pricing – increased at the slower pace of 1.9%, missing consensus analyst expectations of 2.2%. Pricing contributed 2.5% to the group's organic expansion.

Nestle also saw a second negative quarter of sales in dairy. Milk products and ice cream saw sales fall 3.1% in the three months.

The group confirmed its full-year outlook of organic sales growth of "around 5%" with improvements in margins and underlying profits.

Click here to view teh announcement.

Content from our partners
GMP: The food sector’s golden rules (and how they will evolve)
Food fraud in the supply chain (and how to fix it)
VEGA level and pressure instrumentation for the food industry

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU