Swiss Nestle’s Net Profit Jumps By 24% In 2019

The net profit of Nestle SA, the world’s largest producer of food and beverages, amounted to 12.609 billion Swiss francs ($ 12.9 billion) in 2019, which is 24.4% higher than in 2018, the company said.

Diluted earnings per share reached 4.3 Swiss francs ($ 4.4) versus 3.36 francs ($ 3.44) a year ago. Revenue rose 1.2% to 92.568 billion francs ($ 94.87 billion).

Sales in the Americas increased by 7% over the year, to 33.154 billion francs ($ 34 billion); in the AOA region (Oceania, Asia and sub-Saharan Africa), sales grew by 1.3%, to 21.602 billion francs ( 22.14 billion dollars). Sales volume in the EMENA zone (Europe, the Middle East, the region of North Africa) fell by 0.5%, to 18.834 billion francs (19.3 billion dollars).

The company indicates that organic sales growth in 2019 was 3.5%, and the negative exchange rate effect is estimated at 1.5% of sales. “Sales growth was supported by a good boost in the United States and Purina PetCare brand performance worldwide,” the company said. In 2020, the company continued organic sales growth.

Swiss Nestle, founded in 1866, owns more than 400 factories in 83 countries.

source: bloomberg.com

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