Innovation provided additional growth momentum, with strong demand for Compleat Organic Blends, the only organic, real food tube-feeding formula. We will begin by showing how Nespresso delivers on its commitment to quality and sustainability.". There was strong growth in NAN infant nutrition, Maggi in culinary products and KitKat in confectionery, partly offset by negative sales development in dairy. The company also continued to focus on Creating Shared Value for society and its shareholders by delivering high quality nutritious products to consumers and contributing to the growth of the local economy through local sourcing and increasing access to clean drinking water in the communities where it operates. Nestle Group: Growth and Profitability aceleration ... 1 2019 Solid Results both Top & Bottom Line For Nestlé Globally ... Q1 Domestic Export Total Sales (RM ‘mio) 2020 1,160 275 1,435 2019 1,200 253 1,453 +/- % -3.4% 8.8% -1.3% Q1 2020: Resilient sales, driven by export recovery. China maintained mid single-digit growth, with strong contributions from the illuma organic infant nutrition range, Nescafé ready-to-drink coffee, and culinary, in particular Totole. The most significant contributor to growth was RIG, which accelerated to 2.9%, the highest level in … Total reported sales increased by 4.3% to, Portfolio management fully on track. Sub-Saharan Africa posted mid single-digit growth. Zone AOA saw solid growth in the first quarter, with a slight slow-down due to Japan and Oceania. Sorry, you need to enable JavaScript to visit this website. Nestle Reports a Major Decline in Profits for Q1-Q3 2019 Posted 1 year ago by Jehangir Nasir Nestlé Pakistan Limited has announced its financial results for the first nine months of 2019. Greater productivity of high-quality coffees benefits farmer incomes and contributes to sustainable livelihoods. Nespresso’s unique and holistic approach creates the highest-quality coffee experience for consumers and benefits our environment as well as coffee farming communities around the world. ", "In the quarter, we announced the launch of a new range of 24 premium coffee products under the Starbucks brand. Reported sales in Zone AMS increased by 11.1% to CHF 7.5 billion. We confirm our outlook for the year." Organic growth was 3.2% excluding businesses under strategic review. Q1 2019 Results: January March 2019 ... Nestle Nigeria began simple trading operations in Nigeria in 1961 and has grown into a leading food manufacturing and marketing company. Nestle Nigeria is the biggest food and beverage company in West Africa and employs more than 2,100 people and also has three world-class factories. KARACHI: Nestlé Pakistan Limited recorded sales of PKR 29.1 billion for the first quarter ending March 2019, a decrease of 9.0% over the same period of last Gross profit for the period stood at N 31.5 billion, compared to N 25.8 billion during the previous year. Aluminum and recycling. Foreign exchange negatively impacted sales by 0.4%. Progress against our commitments - Global, Breast-milk substitute marketing compliance, Nestlé Nigeria Q1 2019 Financial Results (pdf, ~1.10 Mb). Innovation is at the heart of Nestlé. South-East Asia saw strong growth overall, with double-digit growth in Indonesia and Vietnam, particularly with Bear Brand, NAN and Nescafé. Our premium brands S.Pellegrino, Perrier, and Acqua Panna posted strong growth, with particularly strong demand for the newly launched S.Pellegrino Essenza. Q1 PBT and PAT up 40% y/y and 49% y/y respectively: Nestle delivered a strong set of results in Q1. Frozen pizza brands Wagner and Buitoni moved to positive growth, while vegetarian products posted high single-digit growth. Other Income decreased due to lower yields and lower average liquidities following payment of special interim dividend on 23 August 2019. Pricing declined by 1.0%, as deflationary trends in Western Europe persisted. Reported sales in Zone EMENA declined by 0.7% to CHF 4.7 billion. Britannia Q1 Results: Profit Doubles On Cost Cuts Amid Covid-19 Pandemic Shares of Nestle India closed 1.4% lower before the results were announced. The detailed financial statements are available on the Nestlé Central and West Africa website: Apr. Net acquisitions and foreign exchange reduced sales by 0.2% and 1.2% respectively. snack bar. Nestlé touches the lives of billions of people every day: the farmers who grow our ingredients, our consumers, and the communities where we live and work. Come here for news, press releases, statements and other multi-media content about Nestlé. Quarterly results: 2015 S2: 2016 S1: 2016 S2: 2017 S1: 2017 S2: 2018 Q1: 2018 Q2: 2018 S1: 2018 Q3: 2018 Q4: 2018 S2: 2019 Q1: 2019 Q2: 2019 S1: 2019 Q3: 2019 Q4: 2019 S2: 2020 Q1: 2020 Q2: 2020 S1: 2020 Q3 (e) 2020 Q4 (e) 2020 S2 (e) 2021 Q1 (e) 2021 Q2 (e) ... Nestle launches plant-based Harvest Gourmet brand in China : More Must read. Domestic Sales increased by 10.7% driven by volume & mix. There has been a marginal increase in total … Coffee and farming communities. Overall, the international premium brands posted high single-digit growth, supported by a strong pipeline of innovations. Pricing increased to 1.2%, with significant improvement in Brazil and the United States. Aluminum was chosen as the capsule material because it perfectly preserves the aromas and flavors of the highest quality Nespresso coffees. Media: Christoph Meier Tel. The improved profitability was driven by a positive surprise on the gross margin line which expanded by 616bps y/y to 44.3%. Whether you have years of work experience or you just graduated, there’s a job opportunity for you at Nestlé. Net acquisitions reduced sales by 4.3%, mainly due to the disposal of Gerber Life Insurance, which more than offset the consolidation of Atrium Innovations in Nestlé Health Science. Nestle Nigeria in the Q1 2020 results reported 0.9 per cent decline in Revenue to N70.33 billion as against N70.97 billion reported in Q1 2019. Stock analysis for Nestle SA (NESN:SIX Swiss Ex) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Q1 Consolidated Net Revenues Up 9% to Record $6.6 Billion Q1 Comparable Store Sales Up 4% Globally Driven by 4% Growth in the U.S. China Comparable Store Sales Up 1% in Q1 and Total China Stores Up 18% Versus Prior Year GAAP EPS of $0.61; Non-GAAP EPS of $0.75, Up 15% Year-Over-Year Including Income Tax Favorability Active Starbucks Rewards TM Membership in the U.S. Increases 14% Year … We confirm our outlook for the year. Investors: Luca Borlini Tel. Organic growth was 2.0%. 14:00 CEST Investor call audio webcast Nestle S.A. ADR 2019 Q4 - Results - Earnings Call Presentation. Good food, good life – that is what we stand for. Export Sales increased by 12.9%. New Delhi: FMCG major Nestle India on Friday reported 33.46 per cent rise in net profit at Rs 595.41 crore for the third quarter ended September 2019, on higher domestic sales growth and lower tax outgo. Nestle Nigeria Plc has released its audited full-year financial statement for the year ended December 31, 2019. Looking forward to the rest of 2019, we are optimistic that our current business model will keep delivering satisfactory results to our shareholders and to society in line with our Creating Shared Value principle. Poland Spring and Zephyrhills made good contributions to growth. Comparisons with reference to quarter ended 31.3.2019 unless otherwise specified: 1. A look at the bottom-line of the results indicated that Nestle Nigeria posted a profit before tax of N17.5 billion in the first quarter of 2020 in contrast to N19.1 billion in the same period of 2019 and a profit after tax of N11.2 billion versus N12.9 billion, with an earnings per share (EPS) of N14.21 in Q1 2020 versus N16.21 in Q1 2019. The company, which follows January-December as financial year, had posted a profit of Rs 446.11 crore in the year-ago period. The United States and China, Nestlé’s two leading markets, maintained good momentum. Since 1991, Nespresso has been investing in recycling infrastructure to cover 53 countries and provide 92% of Nespresso consumers with recycling options. The acquisition of the Starbucks license, Atrium Innovations and other transactions more than offset divestments, mainly Gerber Life Insurance and U.S. confectionery. Earnings per share for the multinational firm dropped from N16.21 in 2019 to N14.21 in 2020. Q3 2020 Trading Statement. Underlying earnings per share in constant currency and capital efficiency are expected to increase. You are currently on the Nestlé global website, Marketing infant nutrition: getting it right, Nestlé for Healthier Kids global initiative, Adding vegetables, fiber and whole grains, Sharing nutrition knowledge throughout life, Breast-milk substitute marketing: compliance record, Creating Shared Value Progress Report (pdf, 5Mb). www.nestle- cwa.com/en/investors/nigeria. Key takeaways from Q1 results. Full details in Events, Mark Schneider, Nestlé CEO:"We are pleased with Nestlé’s solid organic sales growth in the first quarter, building on our full-year 2018 momentum. Across the globe, Nestlé are here to help answer your queries, We unlock the power of food to enhance quality of life for everyone, today and for generations to come. Emerging markets accelerated to high single-digit growth. We believe that our company will be successful in the long term by creating value for both our shareholders and for society. In North America growth was supported by 2018 price increases to reflect significant cost inflation in packaging and distribution. Commenting on the results, Mr. Mauricio Alarcon, Managing Director & CEO of Nestlé Nigeria Plc said, “We are pleased with the sustained growth of our company, the loyalty of our consumers and the discipline and dedication of our people to provide tastier and healthier foods and beverages”. The largest contributor to growth was Purina petcare, which saw strong momentum in e-commerce and in premium brands, such as Purina ONE and Tidy Cats litter. Our increased speed, innovation for a changing world and execution focus are clearly paying off. All product categories saw positive growth. Organic growth of 6.8% was driven by strong RIG of 6.5% and pricing of 0.3%. This shows a 12.84% decline. Contacts: There was an audio webcast at 08:00am (UK time) hosted by Alan Jope (CEO) and Graeme Pitkethly (CFO). The R&D Centre in Abidjan, Côte d’Ivoire opened in 2009; is the only one of this kind on the African continent. RIG of 2.2% was resilient. : +41 21 924 2200 Nestlé reports three-month sales for 2019, Follow today's event live Zone EMENA reported strong RIG despite a low-growth environment in Western Europe. Q1 2019 results. Europe saw slightly negative sales development, impacted by the United Kingdom and Germany. The Nestlé and Starbucks teams did an outstanding job and developed these products in just 6 months. The strategic reviews of Nestlé Skin Health and, North America saw positive organic growth, with positive, Latin America reported mid single-digit organic growth, with positive, Central and Eastern Europe reported mid single-digit organic growth, with strong, Middle East and North Africa saw mid single-digit organic growth, with strong, China maintained mid single-digit organic growth, with positive, South-East Asia saw mid single-digit organic growth, supported by strong, South Asia had low single-digit organic growth, with a balanced contribution of, Sub-Saharan Africa reported mid single-digit organic growth, with positive, Japan and Oceania posted negative organic growth as both, North America reported positive organic growth as strong pricing was partially offset by negative, Europe saw slightly negative organic growth. Reported sales in Other Businesses increased by 2.1% to CHF 2.8 billion. Nespresso’s success is based on delivering an extraordinary coffee experience, which is the result of its commitment to quality and sustainability all the way from the coffee farm to the recycling of capsules. Learn about Nestlé’s brands and what we’re doing to make our products tastier and healthier. 460 Nespresso agronomists work closely with 100,000 coffee farmers to increase quality and yields and drive environmentally and socially responsible farming practices. Nestle Nigeria’s (Nestle) Q1 2019 earnings grew by 49% y/y to N12.9bn, beating our estimate by c.16%. This is well illustrated by Nespresso. As of the Q1CY20, Nestle has reported Rs 33,253 mn in revenues as compared to Rs 31,493 mn in the last quarter of 2019. Net acquisitions increased sales by 1.2%. Your answers can be found here. ", He added: "The notion of business as a force for good resonates very strongly inside Nestlé. Pricing increased by 4.3%, RIG declined by 2.3%. Nestlé Nigeria announces Q1 2019 Financial Results. Confectionery posted a good quarter, with double-digit growth for KitKat and strong demand for the recently launched Yes! Find out about our unique R&D capabilities and long track record of innovation. Pricing increased to reflect cost inflation. Nestlé Health Science grew at a mid single-digit rate, with double-digit growth in medical nutrition and geographic expansion in emerging markets. The Purina petcare and infant nutrition categories were the main contributors to growth across the Zone, especially in Central and Eastern Europe, and the Middle East and North Africa. The precision-consumption system uses only the exact amount of water, energy and coffee needed to brew one cup, reducing wasted resources. In the first quarter of the 2019, Nestlé Nigeria continued its emphasis on creating demand as well as strengthening brand loyalty programs to increase market penetration. Foreign exchange had a negative impact of 0.3%. Overall sustainability of portioned coffee. Get Quarterly results of Havells India's latest Financial Statements with the detailed information update regarding profit and loss accounts. The company posted revenue of N 71.0 billion recording growth of 5.2% over the previous year. Reported sales in Zone AOA increased by 1.9% to CHF 5.4 billion. Providing high-quality and affordable nutritious products which meet the needs and preferences of our consumers will remain our priority as we help build thriving, resilient communities through sustainable local sourcing and continuous product innovation. Nestle India Quarterly Results: Get the key information of Nestle India Q1, Q2, Q3 and Q4 results, previous Quarterly Results, Quarterly Earnings and comparison on Economic Times. North America maintained good sales development in the first quarter. Strong Domestic performance in Q1 2019 1,156 1,200 274 253 Q1 2018 Q1 2019 Domestic Export Turnover in RM Mio 1,430 +1.6% 1,453 Excluding Chilled divestment Domestic Growth = 4.9% Total Growth = 3.2%. Total reported sales increased by 4.3% to CHF 22.2 billion. That has positively impacted the profit, the filing said. Everything you need to know about Nestlé is here: brands, key figures, milestones. ... switched to the lower corporate tax rate regime announced by Finance Minister Nirmala Sitharaman in September 2019. North America and emerging markets saw double-digit growth, while sales in Europe were flat. Nestle India paid 24 percent lower taxes during the quarter at Rs 1,849.6 crore. Our mainstream brand Nestlé Pure Life posted negative growth. Nestle Nigeria’s (Nestle) Q1 2019 earnings grew by 49% y/y to N12.9bn, beating our estimate by c.16%. Organic growth was 2.1%, with strong RIG of 3.1%. Foreign exchange increased sales by 0.9%. Organic growth of 3.4%, with continued strong real internal growth (RIG) of 2.2%. Nestlé Skin Health posted double-digit growth. Nestle India Q1 Results: Profit Rises On Lower Taxes, Sales Growth. Nestlé Health Science saw mid single-digit organic growth, all from, Nestlé Skin Health posted double-digit organic growth, with strong. Japan had negative RIG due to unfavorable comparables, as well as softness in the coffee category. Nestlé Nigeria Plc announced its financial results for the first quarter of 2019. : +41 21 924 3820, Across the globe, Nestlé are here to help answer your queries, We unlock the power of food to enhance quality of life for everyone, today and for generations to come. Everything you need to know about Nestlé is here: brands, key figures, milestones. The company posted revenue of N 71.0 billion recording growth of 5.2% over the previous year. Nespresso is one of the most sustainable ways of enjoying high quality R&G coffee. ... Advertisement. Unilever PLC (UL) CEO Alan Jope on Q1 2019 Results - Earnings Call Transcript. Business News Nestle releases FY 2019 result, proposes huge dividend. The results were available here shortly after 07:00am (UK time). That compares with a 1.5% gain in the benchmark Nifty 50 Index. Nestlé India Ltd has announced the following Unaudited results for the quarter & year ended March 31, 2009: The results for the Quarter ended March 31, 2009 The Company has posted a net profit of Rs 1973.00 million for the quarter ended March 31, 2009 as compared to Rs 1601.50 million for the quarter ended March 31, 2008. Purina petcare had strong growth in the Zone. Net acquisitions increased sales by 6.0%, largely related to the acquisition of the Starbucks license. Foreign exchange negatively impacted sales by 2.8%. Apr. In its result announced on Thursday, the company said it generated a revenue of N 71.0 billion recording growth of 5.2 per cent over the previous year. Gross profit for the period stood at N 31.5 billion, compared to N 25.8 billion during the previous year. 3. Latin America recorded high single-digit growth for the dairy, confectionery, and Purina petcare categories. Pricing improved to 1.2%, mainly reflecting increases in Brazil and the United States. Total revenues for the first quarter of 2019 increased by 11% to $15.6 million from $14 million in Q1 of 2018. Our increased speed, innovation for a changing world and execution focus are clearly paying off. Gross profit for the period stood at N 31.5 billion, compared to N 25.8 billion during the previous year. Good food, good life – that is what we stand for. Mark Schneider, Nestlé CEO: "We are pleased with Nestlé’s solid organic sales growth in the first quarter, building on our full-year 2018 momentum. 20, 2018. These compare with a 2019 P/E multiple of 16.1x for an average EPS growth of 55% in 2020E that consumer goods peers are trading on. Coffee saw flat RIG with negative pricing resulting from lower green coffee prices. Mexico saw mid single-digit growth, as strong demand for Nescafé Origins helped to maintain good momentum in coffee. Get Nestle India latest Quarterly Results, Financial Statements and Nestle India detailed profit and loss accounts. Oceania saw positive RIG and negative pricing in a deflationary environment. Through its research program, the R&D Abidjan contributes to the deepening of agriculture and local raw materials knowledge; and works on the development of traditional African ingredients with a focus on improving their agronomic, nutritional and organoleptic qualities, in order to make them meeting the tastes and needs of African consumers. South Asia posted low single-digit growth. Nestlé Nigeria Plc says it has posted a net profit of N12.8 billion in the first quarter of 2019 compared to N 8.6 billion during same period of the previous year. Nespresso maintained mid single-digit organic growth. The ReadyRefresh direct-to-consumer business grew at a mid single-digit rate. Nestlé Nigeria announces Q1 2019 Financial Results. The improved profitability was driven by a positive surprise on the gross margin line which expanded by 616bps y/y to 44.3%. Brazil posted double-digit growth, supported by both positive pricing and RIG. Creating Shared Value is fundamental to how we do business at Nestlé. Lagos multi-billion naira 32MT per hour rice mill to be completed by Q1 2021. Unilever PLC 2019 Q1 - Results - Earnings Call Slides. The R&D Centre in Abidjan, Côte d’Ivoire opened in 2009; is the only one of this kind on the African continent. See all Nestlé financial results and sales: first quarter, half-year, nine-month, and full-year. Reported sales in Nestlé Waters increased by 2.4% to CHF 1.8 billion. Search for jobs here. ... bucked a trend among peers and kept in place its guidance for the rest of 2020, issued when the company announced its 2019 results in February - … Starting with this report, we will highlight each quarter how Nestlé creates shared value. It is established on two sites, Abidjan and Yamoussoukro. Nespresso reported mid single-digit organic growth, with very strong momentum in the Americas. Master Origin, a range of the world’s finest coffee crafts from six different countries (Mexico, Colombia, Indonesia, Ethiopia, India, Nicaragua) is a great example of this collaboration with purpose. Lagos-Nigeria, May: Nestlé Nigeria Plc announced its financial results for the first quarter of 2019. Sorry, you need to enable JavaScript to visit this website. Frozen food returned to positive growth led by the Hot Pockets and Stouffer's brands. 18, 2019. Organic growth accelerated to 3.4%, with resilient RIG of 0.9% and a significant pricing contribution of 2.5%. The Nespresso AAA sustainable quality program was established in 2003 and involves significant investment. Net acquisitions had no impact on sales. The company posted a net profit of N 12.8 billion as compared to N 8.6 billion during same period of the previous year. Year-to-date, Nestle shares have gained +2.4%, outperforming the NSE ASI by around 10%. Both the aluminum and the coffee grounds are recovered and re-used. Growth continued to be supported by the Vertuo system. A question about Nestlé’s brands, policies, or products? ... Nestle's (NSRGY) CEO Mark Schneider on Q1 2018 Results - Earnings Call Transcript. Latin America reported mid single-digit growth, with positive contributions in most markets and categories. Organic growth for the Group was 1.2% in developed markets and 6.3% in emerging markets. Learn about our strategy, sales and results or download our investor seminar presentations. Positive pricing was fully offset by negative, Emerging markets posted high single-digit organic growth, with strong pricing and positive. Full-year guidance for 2019 confirmed, with continued improvement in organic sales growth and underlying trading operating profit margin towards our 2020 targets. 2. Profit after tax for Q1 2020 is about N11.20 billion, as against N12.85 billion that was achieved for Q1 2019. Nestlé Nigeria Plc announced its financial results for the first quarter of 2019. The company posted revenue of N 71.0 billion recording growth of 5.2% over the previous year. North America recorded mid single-digit growth in Nestlé Professional and in the beverages category, comprising Coffee-mate creamers, Starbucks and Nescafé. FMCG firm, Nestle India, reported an 11.15% year-on-year rise in net profit at Rs 486 crore for the quarter ended June 30.This number was amassed to Rs 437 crore for the same quarter last year. Organic growth was 3.3%, with RIG of 2.3% and pricing of 1.0%. Nestle shares climb on Q1 numbers. Organic sales growth at the maker of Nescafe instant coffee and Maggi soups accelerated to 3.4% in the first quarter of 2019, ahead of the average estimate of 2.8% in … It is established on two sites, Abidjan and Yamoussoukro. The growth acceleration was largely supported by Brazil, our fourth largest market. Total Sales increased by 10.8%. Nestle Skin Health contributed around 20 basis points of organic growth in 2019. Creating shared value is at the heart of Nespresso’s consumer proposition. Net acquisitions reduced sales by 0.5%. The largest growth contributions came from Purina petcare, dairy and infant nutrition. It guarantees in-cup quality for consumers and is 100% recyclable. Organic growth reached 3.4% in the first quarter. There has been a double-digit rise in net profit even amid the global pandemic, yet the numbers are slightly below than what many analysts estimated. Excluding Chilled Dairy business in 2018, total growth = 3.2% Foreign exchange increased sales by 1.7%.