Nestlé delivers good performance in 2011
Swiss dairy giant Nestlé has reported 7.5% organic growth and 3.9% internal growth for 2011, with a trading operating profit of CHF12.5 billion (€10.3bn) on sales of CHF83.6 billion. It also strengthened market positions globally, with emerging markets seeing growth of 13.3% and developed markets an uptick of 4.3%.
Paul Bulcke, Nestlé CEO notes, “We delivered good performance, top and bottom line, in both emerging and developed markets in 2011. It was a challenging year, and we do not expect 2012 to be any easier. We have continued to invest for the future and strengthen our capabilities across the world. We have established new partnerships in China. We are therefore well positioned in 2012 to deliver the Nestlé model of organic growth between 5% and 6% as well as an improved margin and underlying earnings per share in constant currencies.”
The Nestlé group continued to grow in all regions of the world, with 5.0% organic growth in Europe, 6.4% in the Americas and 13.1% in Asia, Oceania and Africa. The company’s business grew 13.3% in emerging markets and 4.3% in developed markets.
For example, in North America most of the businesses contributed to the positive performance despite subdued consumer confidence, Nestlé says. Pizza strengthened its lead over its competitors with a good performance by DiGiorno. Ice cream saw growth in snacks, Häagen-Dazs and Skinny Cow. The extension of the Skinny Cow brand into the chocolate category helped to drive growth there.
