Economy Nestlé's net profit climbs 24.4% in 2019

Nestlé’s net profit climbs 24.4% in 2019

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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.

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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.

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