The world’s largest packaged meals firm reported better-than-expected annual gross sales progress however warned of decrease revenue margins in 2025.
Gross sales on the Swiss meals big got here in narrowly forward of forecasts with volumes up by 0.8% in contrast with a 0.3% fall within the earlier yr.
Revenue earlier than tax was 13.2 billion Swiss francs (€13.96bn) for the complete yr, up from 12.7bn Swiss francs (€13.44) within the earlier yr.
Nestle has been hit by hovering key commodity costs together with espresso and cocoa, and client demand has fallen as costs have risen.
Commenting on the outcomes, Laurent Freixe, Nestlé Chief Government officer stated: “In a difficult macroeconomic context and delicate client setting, we achieved a strong efficiency in 2024 according to our newest steering.
He added: “Natural progress was 2.2%, with a return to optimistic actual inner progress of 0.8%, and each strengthened within the second half.”
The corporate stated that progress had been pushed by espresso, confectionery and pet care. By geography, efficiency was greatest within the rising markets and Europe.
Freixe went on: “We have now a transparent roadmap to speed up efficiency and rework for the long run. Rising funding to drive progress is central to our plan. This implies delivering superior product style and high quality with unbeatable worth, scaling our profitable platforms and types, accelerating the rollout of our innovation ‘huge bets’ and addressing beneath performers.
“Whereas there’s macroeconomic uncertainty, we’ve plenty of alternatives forward of us, and we’ve the technique, the assets and the folks and group to ship.”