Globe Newswire
Nestlé reports three-month sales for 2021
This press release is also available in Français (pdf) and Deutsch (pdf) Follow today’s event live 14:00 CEST Investor call audio webcast Full details on our website …………. Vevey, April 22, 2021 Nestlé reports three-month sales for 2021 Organic growth reached 7.7%, with real internal growth (RIG) of 6.4% and pricing of 1.2%. Growth was broad-based across most geographies, supported by early signs of recovery from out-of-home channels, improved pricing and market share gains.Foreign exchange reduced sales by 5.3% due to the continued appreciation of the Swiss franc against most currencies. Net divestitures had a negative impact of 1.0%. As a result, total reported sales increased by 1.3% to CHF 21.1 billion (3M-2020: CHF 20.8 billion).Portfolio management on track. The sale of Nestlé’s regional spring water brands, purified water business and beverage delivery service in the U.S. and Canada was completed on March 31, 2021. The acquisition of Essentia Water was completed on March 5, 2021.Full-year 2021 outlook…
