Nestlé UK and Ireland
Nestlé CEO Paul Bulcke: “The start to the year reflects the caution we expressed in February. We continue to expect some volatility throughout 2013 but reconfirm our expectation to deliver on our commitments for the full year: top line, bottom line and capital efficiency. We are outperforming the market in Europe where consumer sentiment remains low. We are seeing progress in our North American business and we expect to see stronger momentum in key emerging markets. Our global presence, unrivalled category diversity and our proven ability to bring innovative products and services to our consumers allow us to deliver in the short term while at the same time creating the right conditions for continued success over the long term.”
Vevey, 18 April 2013 - In the first three months of 2013, sales increased 5.4% to CHF 21.9 billion. Organic growth was 4.3%, composed of 2.3% real internal growth and 2.0% pricing. Acquisitions, net of divestitures, added 2.0% to sales, whilst foreign exchange had an impact of -0.9%.
Our three geographies all contributed to the first quarter’s 4.3% organic growth, which builds on the 7.2% organic growth achieved in the first quarter of 2012. The Americas grew by 5.1%, Europe by 1.0% and Asia, Oceania and Africa by 6.1%. Our business grew 8.4% in emerging markets, 0.9% in developed markets, reflecting contrasting trading conditions across different regions.
Sales of CHF 6.6 billion, 5.3% organic growth, 1.5% real internal growth
Sales of CHF 3.7 billion, 1.5% organic growth, 1.7% real internal growth
Sales of CHF 4.7 billion, 4.4% organic growth, 3.3% real internal growth
Sales of CHF 1.6 billion, 1.8% organic growth, 0.1% real internal growth
Sales of CHF 2.5 billion, 7.6% organic growth, 5.0% real internal growth
Sales of CHF 2.9 billion, 4.2% organic growth, 2.7% real internal growth
The start to the year was as demanding as expected. We continue to expect some volatility throughout the year but reconfirm our expectation to deliver the Nestlé Model once again in 2013: organic growth between 5% and 6% together with an improved trading operating profit margin and underlying earnings per share in constant currency, as well as improvement in our capital efficiency.
Click for Annexe with first quarter sales overview 2013