Economy Nestlé's net profit climbs 24.4% in 2019

Nestlé’s net profit climbs 24.4% in 2019


The world leader in food, the Swiss group Nestlé, achieved organic growth of 3.5% in 2019, driven “par strong momentum in the United States and in the Purina pet product category worldwide “. Sales increased 1.2% to 92.568 billion Swiss francs. Net profit rose 24.4% to CHF 12.6 billion. Africa, which is incorporated into the Asia, Oceania and Sub-Saharan Africa (AOA) region, recorded high single-digit organic growth, with strong real internal growth and a positive price effect, the group said.

We recorded considerable progress in 2019, with key operational and financial indicators which have improved significantly for the second consecutive year… Profitability has further improved, allowing us to reach our planned objectives, with a year of advanced”, said Mark Schneider, managing director of Nestlé in a press release.

Most Recommended Web hosting

World News :

Nestlé expects to see its growth accelerate over the next two years and achieve its goal of medium single-digit sustainable growth. While China is its second largest market, accounting for about 8% of its global sales, the group believes it is premature to assess the financial impact of the coronavirus epidemic, to date.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Barcelona News: Argentine sources confirm Inter Milan’s ability to sign Messi

MessiSport 360 - The news increases about the desire of the Italian club Inter Milan to include the Argentine...

Measures to block contacts: Brussels is planning the corona exit for Germany

I.n the debate about the exit from the Corona measures, the EU Commission calls for a coordinated approach...

Coronavirus: An economic crisis “worse than that of 2008” – Economy

World trade should register a contraction of between 13% and 32% in 2020, greater than that caused by the...

FC Bayern: So it is about a change from Havertz

FC Bayern sets the course...

“Mercedes Formula 1” designs a respirator to save Corona patients

<div id = "firstBodyDiv" data-bind-html-content-type = "article" data-bind-html-compile = "article.body" data-first-article-body = "It seems to be a team Mercedes,...

John Prine’s 15 Essential Songs

John Prine was an Army veteran walking a U.S. Postal Service beat in Chicago and writing songs on the...

Must read

Barcelona News: Argentine sources confirm Inter Milan’s ability to sign Messi

MessiSport 360 - The news increases about the desire...

You might also likeRELATED
Recommended to you