Nestle’s share price increased this morning (9 August) as the Kit-Kat maker booked an increase in first-half profit and reaffirmed its full-year guidance.
The Swiss food giant reported an 8.9% increase in earnings of CHF5.12bn (US$5.26bn) in the six months to the end of June, helped by strong demand from emerging markets, price rises and cost-cutting.
Go deeper with GlobalData
Operating profit reached CHF6.6bn, up 6.3% on the prior-year period, while net sales climbed 7.5% to CHF44.1bn.
The company uses a sales measure called “real internal growth”, which excludes M&A, price increases and currency movements. By that metric, organic growth was 6.6%.
The Kit-Kat maker said it still expected underlying sales to grow by 5% to 6% this year despite a continued “tough” trading environment, particularly in developed markets.
See Also:
Shares increased 2.10% to CHF60.90 at 08:43 CET.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataClick here to read analysts’ thoughts on Nestle’s results and here for more insight from the company into the results.
