Compared to last year Nestlé has had lower revenue growth in the first half of 2015. According to Nestlé, “The results of the first half allow us to reconfirm our outlook for the full year: we aim to achieve organic growth of around 5% with improvements in margins and underlying earnings per share in constant currencies, and capital efficiency.”
- Sales of CHF 42.8 billion (Convert to USD), 4.5% organic growth, 1.7% real internal growth
- Trading operating profit margin 15.0%, up 20 basis points in constant currencies
- Underlying earnings per share up 7.3% in constant currencies
Petcare in North America showed good growth, in spite of the negative impact from the Beneful case. Among the drivers were Fancy Feast cat food, the Pro Plan platform for dog food, and cat litter. Petcare continued to be a growth driver for Latin America and will benefit from new production capacity in Argentina and Mexico.
For Petcare, the half year sales were $5.465 billion CHF with an organic growth of 4.9%. Trading operating profit margins were 21.0% with an increase of 110bps from the first half of 2014.
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