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Paul Bulcke, Nestlé CEO: "The first half results were in line with our expectations, broad-based across categories and geographies, solid even in difficult circumstances, and consistent with our strong performance over time. They reflect the relevance and strength of our Nutrition, Health and Wellness strategy and our discipline in execution. Our investments in the new growth platforms Nestlé Health Science and Nestlé Skin Health are delivering and complement the good momentum in our food and beverages businesses. This allows us to confirm the outlook for the full year."
In the first half of 2015 organic growth was 4.5%, composed of 1.7% real internal growth and 2.8% pricing. Total sales of CHF 42.8 billion were impacted by foreign exchange (-5.8%). Acquisitions, net of divestitures, contributed 1% to sales.
Sales of CHF 12.0 billion, 5.2% organic growth, 0.1% real internal growth; 18.0% trading operating profit margin, +10 basis points
Sales of CHF 7.9 billion, 3.8% organic growth, 2.0% real internal growth; 16.2% trading operating profit margin, +80 basis points
Sales of CHF 7.1 billion, 0.8% organic growth, -0.8% real internal growth; 18.2% trading operating profit margin, -60 basis points
Sales of CHF 3.8 billion, 5.3% organic growth, 5.6% real internal growth; 11.5% trading operating profit margin, +110 basis points
Sales of CHF 5.3 billion, 3.9% organic growth, 1.3% real internal growth; 23.0% trading operating profit margin, +140 basis points
Sales of CHF 6.8 billion, 8.1% organic growth, 4.9% real internal growth; 15.8% trading operating profit margin, -250 basis points
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.
Half-year sales and trading operating profit margins overview
(*) 2014 figures have been restated on the following main transfers, effective as from 1 January 2015:
- the Maghreb, the Middle East, the North East Africa region, Turkey and Israel in Zone Asia, Oceania and Africa to Zone Europe;
- Growing-Up Milks business in the geographic Zones to Nestlé Nutrition;
- Bübchen business in Nestlé Nutrition to Other businesses.
a) Renamed following the above mentioned reorganisation.
b) Renamed following the creation of Nestlé Skin Health as from July 2014.
Media: Robin Tickle Tel.: +41 21 924 22 00
Investors: Steffen Kindler Tel.: +41 21 924 35 09
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