Nestlé reports first-half organic growth
The company’s total reported sales increased by 9.2% to 45.6 billion Swiss francs
Swiss food group Nestlé has announced that in the first half of 2022 its organic growth reached 8.1%, with real internal growth of 1.7% and pricing of 6.5%. Growth was broad-based across most geographies and categories.
The company’s total reported sales increased by 9.2% to 45.6 billion Swiss francs ($47.9 billion), up from 41.8 billion Siss francs reported for the first six months of 2021.
Nestlé’s chief executive Mark Schneider said: “In the first half of the year, we delivered strong organic growth and a significant increase in underlying earnings per share. Our local teams implemented price increases in a responsible manner. Volume and product mix were resilient, based on our strong brands, differentiated offerings and leading market positions. We limited the impact of unprecedented inflationary pressures and supply chain constraints on our margin development through disciplined cost control and operational efficiencies. At the same time, investments behind capital expenditure, digitalisation and sustainability increased significantly.
“We are focused on creating shared value over both the short and long term. Growing food insecurity around the world and heightened climate concerns, following an increase in unusual weather patterns, underlines the importance of this strategic direction. Good for you and good for the planet are the two key strategic pillars that our company pursues in an unwavering manner, even in the face of significant short-term challenges.”