Thu, Apr. 14, 3:01 AM
- Nestle (OTCPK:NSRGY) has confirmed its full-year outlook after Q1 underlying sales growth of 3.9% beat expectations as product volumes picked up.
- "As anticipated, the first quarter continued the positive momentum in real internal growth, with softer pricing," the company said in a statement.
- Nestle's Maggi noodles also regained market share in India following a major product recall in 2015, though the comparison with the year-earlier period was difficult.
Thu, Feb. 18, 8:48 AM
Thu, Feb. 18, 4:31 AM
- Nestle (OTCPK:NSRGY) saw global sales growth decelerate in 2015 as a pick-up in the U.S. failed to offset weakness across Asia, especially in India where its Maggi noodles were hit by a health scare.
- The company reported organic sales growth of 4.2% - the bottom end of the "about 4.5%" range it forecast in October - marking the third successive year the group has failed to achieve its target of 5-6% annual growth.
- Nestle Chief Executive Paul Bulcke described 2015 as a "challenging environment," a situation he expected to continue this year.
Oct. 16, 2015, 3:24 AM
- Plagued by a Maggi noodle recall and a strong Swiss franc, Nestle (OTCPK:NSRGY) reported weak sales growth during the nine months to September that missed analyst forecasts.
- Underlying growth slowed to 4.2% vs. estimates of 4.7%, sliding further behind the 5-6% organic growth target the company refers to as the "Nestle Model."
- The food maker now expects organic sales growth of 4.5% in 2015.
Aug. 13, 2015, 5:03 AM
- Along with many other consumer-products groups, Nestle (OTCPK:NSRGY) reported a drop in net income during the second-quarter, facing sluggish demand in emerging markets and a higher valued Swiss franc.
- Profits slipped 2.5% to 4.52B francs, lagging analysts' average estimate for a 2.3% rise.
- On a positive note: The company may see an Indian ban on its Maggi instant noodles disappear after a recall cut severely into its sales during the first half. Testing on the noodles will take place in the coming weeks.
Apr. 17, 2015, 3:52 AM
- Growth in emerging markets helped Nestle (OTCPK:NSRGY) beat expectations for organic sales last quarter, but strength in the Swiss franc kept a lid on overall revenues.
- The Swiss company reported 4.4% organic growth, ahead of estimates of 4.2%, but revenue of 20.92B Swiss francs ($21.86B) was slightly below expectations of 21.2B francs.
- With sales higher in all geographies, Nestle confirmed its full-year outlook for 5% organic growth this year.
Feb. 19, 2015, 3:32 AM
- Following its slowest annual sales growth rate since 2009, Nestle (OTCPK:NSRGY) warned that this year would remain tough as it struggles with deflation in Europe and slowing demand in Asia.
- While sales dipped 0.6% Y/Y, the food giant posted a 45% jump in net profit to 14.5B francs, helped by price increases, cost-savings and proceeds from the sale of its L'Oreal stake.
- "We expect 2015 to be similar to 2014," said CEO Paul Bulcke, describing the results as "strong" in a "soft trading environment." Nestle is aiming for organic growth of "around 5%" this year.
Aug. 7, 2014, 9:31 AM
- Nestle S.A. ADR (OTCPK:NSRGY): 1H EPS of CHF 1.45.
- Revenue of CHF 42.98B (+4.7% Y/Y).
Feb. 13, 2014, 4:26 AM
- Nestle's (NSRGF) 2013 net profit dropped slightly to 10.02B Swiss francs ($11.12B) and missed consensus of 10.69B francs, dragged down by the costs of portfolio restructuring and currency fluctuations.
- Sales rose 2.7% to 92.2B Swiss francs and undershot forecasts of 93.1B francs, with organic growth +4.6%. Revenue was kept down by price pressures in Europe.
- Nestle's trading operating margin improved 20 bps to 15.2%.
- "Last year was challenging and 2014 will likely be the same," Nestle said.
- Nestle expects organic revenue growth of 5% this year vs its long-term goal of 5-6%.
- Proposed 5% dividend increase to 2.15 francs per share.
- Shares -1.2% in Zurich. (PR)
Oct. 17, 2013, 2:38 AM
- Nestle's (NSRGY.PK) nine-month revenues rose 4% to 68.4B francs ($74.68B), missing consensus of 69.3B francs.
- Underlying (organic) sales growth slowed to 4.4% from 6.1% last year and undershot forecasts of 4.5%.
- Sales breakdown: Asia, Oceania and Africa +6.9%; Europe +0.9%; Americas +5.1%.
- "Europe continues to grow, and Asia and Africa have picked up speed," Nestle CEO Paul Bulcke says.
- Expects FY organic sales of +5%, as well as improved margins and underlying EPS in constant currencies. (PR)
Aug. 8, 2013, 3:06 AM
- Nestle (NSRGY.PK) H1 net profit +3.6% to 5.12B Swiss francs ($5.55B), just about topping consensus of 5.112B francs.
- Total revenue +5.3% to 45.17B.
- Organic revenue +4.1%, down from +6.6% a year earlier and missing consensus of +4.6%; kept down by price erosion in Europe.
- The muted growth reflects "lower pricing by our markets, as we leveraged softer input costs to meet the expectations of today's more value conscious consumers."
- Developed markets +1% vs +2.6%, developing markets +8.2% vs +12.9%.
- Operating margin 15.1% vs 14.9% last year.
- CEO Paul Bulcke expects Nestle's growth to improve in H2, but organic sales target lowered to +5% from +5-6% previously. (PR)
Apr. 18, 2013, 2:57 AMNestle (NSRGY.PK): Q1 revenues +5.4% to 21.9B Swiss francs ($23.52B) vs consensus of 22.58B francs; underlying sales +4.3%. Organic sales growth in Asia, Oceania and Africa slows to 4.4%, affected by disruptions in the Middle East. Expects to see volatility throughout the year, but confirms FY guidance for underlying sales of +5-6% and improving operating margins. (PR) | Apr. 18, 2013, 2:57 AM
Feb. 14, 2013, 2:16 AMNestle (NSRGY.PK): net income +12% to 10.61B francs ($12B), above consensus of 10.4B francs. EPS +12.2% to 3.33 francs, underlying EPS +7.5% in constant currencies. Revenue +10.2% to 92.2B francs. Organic growth +5.9% vs forecasts of 6%. Declares increase in the dividend to 2.05 francs. Expects 2012 to be just as challenging as 2012; forecasts organic growth of 5-6%, improved underlying EPS in constant currency. (PR) | Feb. 14, 2013, 2:16 AM
Oct. 18, 2012, 4:44 AM
Nestle (NSRGY.PK) nine month sales +11% to 67.57B francs ($73.19B) vs. consensus of 67.1B francs. Robust growth in emerging markets offsets softness in Europe. Organic sales +6.1% vs. 6.6% in H1 and consensus of 6.3%, with Q3 hurt by one-time effects, making it not a "good guide" for Q4. Nine-month Asia, Oceania & Africa sales +9.4% vs. +11.6% in H1. Confirms outlook of 5%-6% underlying sales growth in 2012. (PR)| Oct. 18, 2012, 4:44 AM
Aug. 9, 2012, 3:25 AM
More on Nestle (NSRGY.PK) H1: Maintains FY outlook for organic sales growth of 5-6%, and improved margins and EPS, helped by falling raw-materials prices. However, says N. America is "challenging," with consumer confidence low. Overall sales volume +2.9%, boosted by emerging markets in Asia, Oceania and Africa. Shares +1.9% in Zurich.| Aug. 9, 2012, 3:25 AM