Vevey-based global food behemoth Nestlé revealed its 2001 financial results earlier today [Thursday], which included a 16% increase in net profit year on year, to €4.5bn (US$3.92bn).
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The company also reported 2001 sales up 4% year on year, to reach €57.38bn, while earnings per share increased by 15.7% to €11.68.
Meanwhile, Nestlé announced the acquisition of Brazilian chocolate and confectionery manufacturer Garoto. Based in Vila Velha, in the state of Espirito Santo, the company was purchased for an undeclared sum.
Nestlé’s Latin American operations appear to be making progress, the company said, and the economic situation in most of Asia is “satisfactory”.
With regard to other global areas of the company’s operations, Nestlé commented that it expects 2002 to bring an “overall acceleration” of business in the US and parts of Europe, barring any major unforeseen events.
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By GlobalDataCEO Peter Brabeck welcomed the delivery of a “healthy, excellent growth and performance”, despite the difficulties of a turbulent year.
“In addition, we have further strengthened the bases of our business by investing in marketing, in R&D and in adapting our structures to ensure Nestlé’s long term growth and operational performance,” he added in a statement.
“I am therefore confident that in 2002 we can again meet our target of sustainable value creation.”
Nestlé said that it expects both sales and profits to “progress” during 2002 and has proposed increasing the dividend by 16.4% to €4.33.
To see a comprehensive press release on the results, click here.
