Nestlé sales up by 5.6 per cent

Nestlé increased its group sales in the first three months of the current fiscal year by 5.6 per cent to 23.5 bn Swiss francs (approx. 23.95 bn euros). In the same period in the previous year, sales totalled 22.2 bn Swiss francs.

Ranked by product category, Purina products for pets once again made the biggest contribution to organic growth. On a regional basis, North America experienced positive growth, while moderate single-digit growth was seen in Europe. Taken as a whole, growth in other regions was in the high single digits.

In terms of distribution channels, organic sales growth in retail remained strong at 8.7 per cent. E-commerce sales increased by 13.6 per cent, accounting for 16.2 per cent of overall group sales.

For 2023 as a whole, the company expects organic sales growth of between six and eight per cent and an operating profit margin of between 17 and 17.5 per cent.