Nestlé: lowers targets for 2024

(CercleFinance.com) - In its trading update, Nestlé reduced its targets for 2024, in view of the consumer environment and further measures taken by customers to reduce their inventories in Q4.


As a result, the Swiss food group now expects growth in recurring EPS at constant exchange rates to be broadly stable, with organic sales growth around 2%.

For the first nine months of the year, Nestlé posted total sales that are down 2.4% to 67.1bn CHF, while organic growth reached 2%, with positive real internal growth (RIG) of 0.5% and a price effect of 1.6%.


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