Nestlé S.A. : Nestlé nine-month sales: 4.4% organic growth, full-year outlook confirmed
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Nestlé S.A. : Nestlé nine-month sales: 4.4% organic growth, full-year outlook
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month-sales-2013
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Vevey, 17 October 2013
Nestlé nine-month sales: 4.4% organic growth, full-year outlook confirmed
* Sales up 4.0% to CHF 68.4 billion
* 4.4% organic growth, 3.0% real internal growth, all three geographies
contributed
* 1.1% organic growth in developed markets and 8.8% in emerging markets
* 2013 outlook: around 5% organic growth with an improvement in margins and
underlying earnings per share in constant currencies.
Paul Bulcke, Nestlé CEO: "Our real internal growth has regained momentum and is
broad-based across categories, price points and geographies. Most notably,
Europe continues to grow and Asia and Africa have picked up speed. Today's
challenging environment is the right time for us to further reinforce the
fundamentals of our business: those which drive growth like innovation,
distribution and consumer engagement, and those which drive operational
performance like strengthening our portfolio, improving our resource allocation
and increasing our structural efficiency. We expect our continued growth
momentum to enable us to deliver around 5% organic growth for the full year
together with an improvement in margins and underlying earnings per share in
constant currencies."
Business Review
* In the first nine months of 2013, Nestlé's sales increased by 4.0% to CHF
68.4 billion, impacted by negative foreign exchange of 2.5%. Organic growth
was 4.4%, composed of 3.0% real internal growth and 1.4% pricing.
Acquisitions, net of divestitures, added 2.1% to sales.
* Organic growth for the Group was 5.1% in the Americas, 0.9% in Europe and
6.9% in Asia, Oceania and Africa. Globally our business grew 1.1% in
developed markets and 8.8% in emerging markets.
* Real internal growth was 2.0% in the Americas, 1.9% in Europe and 5.8% in
Asia, Oceania and Africa.
Zone Americas
Sales of CHF 20.8 billion, 5.2% organic growth, 1.5% real internal growth
* The zone's growth in North America was driven more by volume, in Latin
America more weighted to price.
* North America continued to grow despite the tough economic environment. In
the frozen food category Stouffer's frozen meals did well and there were
further share gains for DiGiorno pizza. Lean Cuisine, which introduced
Honestly Good, was affected by the continued contraction of the category.
The premium segment was challenging for ice cream but there was strong
growth in snacks and super premium, due in part to the new Häagen-Dazs
Gelato Pints. Confectionery delivered growth and share gains. Soluble coffee
and creamers continued to do well, with the recently launched Girl Scouts
line driving growth for Coffee-Mate. Petcare continued to deliver strong
growth with innovations like Tidy Cats Glade Scoop and Light Weight Litter,
Dog Chow Light & Healthy and Beneful Healthy Smile contributing.
* The slowdown in the economies of Latin America continued, mainly the result
of inflationary pressures. Our business was resilient with a majority of
categories growing, half of them double-digit, helped by pricing. In Brazil
ambient dairy performed well with cereals a highlight and, in chocolate,
Kit Kat continued to deliver strong double-digit growth. In Mexico the
ambient dairy and culinary businesses performed well. Nescafé Dolce Gusto
achieved very strong growth in both Brazil and Mexico. Petcare made a strong
contribution to the region's growth momentum.
Zone Europe
Sales of CHF 11.4 billion, 0.7% organic growth, 2.1% real internal growth
* In the face of weak consumer demand and deflationary pressures, Zone Europe
again outpaced the market, achieving strong volume growth.
* In Western Europe the Great Britain region, Germany, Switzerland and Austria
were highlights. Southern Europe remained challenging although Portugal
showed signs of improvement.
* In Central and Eastern Europe the economic situation was also difficult but
Russia continued to deliver strong growth underpinned by good performances
in ice cream, coffee and confectionery.
* Our growth platforms continued to out-perform. Nescafé Dolce Gusto gained
market share with double-digit growth. Nesquik also delivered good results.
Confectionery built upon its solid start to the year with Kit Kat a
highlight. In soluble coffee Nescafé Gold achieved strong volume growth.
Frozen pizza recovered market share. There was a short season for ice cream
which had an impact. Innovation and continued roll-outs in Eastern Europe
helped petcare to continue its robust growth momentum with Gourmet, ONE Dry,
Proplan and Felix all performing well.
Zone Asia, Oceania and Africa
Sales of CHF 14.1 billion, 5.6% organic growth, 5.1% real internal growth
* The zone's growth accelerated despite the continuing general economic
slowdown across the emerging markets and local conflicts and civil
disturbances that disrupted several markets.
* Central and West Africa and Indonesia grew double-digit while the Middle
East region, India, Malaysia each achieved strong single-digit growth. China
continued to grow in a somewhat slower trading environment. All categories
performed well with the highlights ready-to-drink, powdered beverages and
ambient dairy. The Alpino chocolate brand was launched successfully in India
as part of efforts to develop the premium segment. Nescafé Dolce Gusto
continued to grow double-digit as its roll-out continued in the zone.
* Oceania and Japan showed resilience, growing despite the tough trading
environment. Nescafé Barista continued to do well in Japan.
Nestlé Waters
Sales of CHF 5.7 billion, 2.0% organic growth, 2.1% real internal growth
* Nestlé Waters delivered broad-based growth despite the intense competitive
environment with a rebound in Europe and sustained growth in North America
and the emerging markets.
* In North America growth was driven by Nestlé Pure Life and the continued
strong performance in the premium brands S.Pellegrino and Perrier.
* The performance in Europe improved with market share gains helped by
promotional activity in difficult trading conditions. The premium brands
S.Pellegrino and Perrier also did well.
* In the emerging markets Latin America and Asia grew double-digit and the
Middle East achieved healthy growth. Nestlé Pure Life as well as local
brands such as Erikli, Al Manhal and Ciego Montero contributed.
Nestlé Nutrition
Sales of CHF 7.5 billion, 6.6% organic growth, 4.0% real internal growth
* Infant Nutrition delivered solid growth with sustained momentum in formulas
and cereals. There were strong performances in emerging markets where growth
was double-digit. The US was also a highlight for formula with innovation in
both the premium and value segments driving double-digit growth. Meals and
drinks enjoyed good performances in the US pouch segment and Russia, which
were offset by softer growth in Europe. Wyeth Nutrition continued to perform
in line with expectations with Illuma and Gold driving growth.
* Weight Management continued to be challenged and Performance Nutrition was
repositioned to better focus on its core customer base.
Other activities
Sales of CHF 9.0 billion, 5.6% organic growth, 4.4 % real internal growth
* Nestlé Professional grew in spite of reduced consumption in out-of-home,
especially in the developed markets and China. The Middle East, Latin
America, Russia and South Asia grew double-digit. The beverage solutions
business continued to deliver strong growth.
* Nespresso maintained its momentum, continuing to innovate with its new Grand
Cru launches and investing in its geographic expansion.
* Nestlé Health Science's growth accelerated in all regions driven by
HealthCare Nutrition, acquisitions and recent successful launches. These
include Boost nutrition bars in the US, Nutren Senior in Brazil, Resource
2.5 Compact in various European markets, Isocal semisolid support in Japan
and Prometheus Anser ADA diagnostics tests in the USA.
Outlook
We expect our continued growth momentum to enable us to deliver around 5%
organic growth for the full year together with an improvement in margins and
underlying earnings per share in constant currencies, as well as an improvement
in our capital efficiency.
Contacts
Media Robin Tickle Tel.: +41 21 924 22 00
Investors Roddy Child-Villiers Tel.: +41 21 924 36 22
Annex
Nine-month sales overview 2013
+-------------------+--------------+--------------+-------------+--------------+
| |Jan.-Sept. |Jan.-Sept. |Jan.-Sept. |Jan.-Sept. |
+-------------------+2013 |2012 |2013 |2013 |
| |Sales |Sales |Organic |Real Internal |
| |in CHF |in CHF |Growth (%) |Growth (%) |
| |millions |millions | | |
| | |(*) | | |
+-------------------+--------------+--------------+-------------+----+---------+
|By Operating Segment |
+-------------------+--------------+--------------+-------------+----+---------+
|· Zone Americas |20'801 |20'659 |+5.2 |+1.5 |
+-------------------+--------------+--------------+-------------+--------------+
|· Zone Europe |11'375 |11'201 |+0.7 |+2.1 |
+-------------------+--------------+--------------+-------------+--------------+
|· Zone Asia, |14'072 |13'923 |+5.6 |+5.1 |
|Oceania, Africa | | | | |
+-------------------+--------------+--------------+-------------+--------------+
|Nestlé Waters |5'679 |5'584 |+2.0 |+2.1 |
+-------------------+--------------+--------------+-------------+--------------+
|Nestlé Nutrition |7'467 |5'831 |+6.6 |+4.0 |
+-------------------+--------------+--------------+-------------+--------------+
|Other |8'956 |8'541 |+5.6 |+4.4 |
+-------------------+--------------+--------------+-------------+----+---------+
|Total Group |68'350 |65'739 |+4.4 |+3.0|
+-------------------+--------------+--------------+-------------+----+----------
|By Product |
+-------------------+--------------+--------------+-------------+----+----------
|Powdered and liquid|15'041 |14'637 |+5.0 |+5.0|
|beverages | | | | |
+-------------------+--------------+--------------+-------------+----+----------
|Water |5'313 |5'250 |+1.8 |+1.9|
+-------------------+--------------+--------------+-------------+----+----------
|Milk products and |13'151 |13'120 |+4.4 |+2.3|
|ice cream | | | | |
+-------------------+--------------+--------------+-------------+----+----------
|Nutrition & |8'953 |7'222 |+6.2 |+3.9|
|HealthCare | | | | |
+-------------------+--------------+--------------+-------------+----+----------
|Prepared dishes and|10'320 |10'391 |+0.5 |0.0 |
|cooking aids | | | | |
+-------------------+--------------+--------------+-------------+----+----------
|Confectionery |7'223 |7'169 |+6.1 |+3.5|
+-------------------+--------------+--------------+-------------+----+----------
|PetCare |8'349 |7'950 |+6.9 |+3.9|
+-------------------+--------------+--------------+-------------+----+----------
|Total Group |68'350 |65'739 |+4.4 |+3.0|
+-------------------+--------------+--------------+-------------+----+
(*) 2012 restated for IFRS 11 - Joint Ventures. Moreover, beverages other than
water sold by Nestlé Waters (mainly RTD teas and juices) have been reclassified
as powdered and liquid beverages.
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Source: Nestlé S.A. via Thomson Reuters ONE
[HUG#1736258]
Unternehmensinformation / Kurzprofil:
Datum: 17.10.2013 - 07:15 Uhr
Sprache: Deutsch
News-ID 306597
Anzahl Zeichen: 14953
contact information:
Town:
Vevey
Kategorie:
Business News
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