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.


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