Nestlé: 9m sales up 2.9%
(CercleFinance.com) - Nestlé reports total sales that are up 2.
9% at 68.4 billion Swiss francs in the first nine months of 2019.
Net acquisitions had a positive impact of 0.7%, while FX factors had a negative impact of 1.5%.
Thus, the agro-food giant's organic growth reached 3.7%, with real internal growth of 3% and pricing of 0.7%, "supported by strong momentum in the United States and Purina PetCare".
Nestlé confirms its FY 2019 organic sales growth forecast of around 3.5% and a recurrent operating margin of at least 17.5%. Recurring earnings per share at constant exchange rates and the return on capital are expected to increase.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
9% at 68.4 billion Swiss francs in the first nine months of 2019.
Net acquisitions had a positive impact of 0.7%, while FX factors had a negative impact of 1.5%.
Thus, the agro-food giant's organic growth reached 3.7%, with real internal growth of 3% and pricing of 0.7%, "supported by strong momentum in the United States and Purina PetCare".
Nestlé confirms its FY 2019 organic sales growth forecast of around 3.5% and a recurrent operating margin of at least 17.5%. Recurring earnings per share at constant exchange rates and the return on capital are expected to increase.
Copyright (c) 2019 CercleFinance.com. All rights reserved.