Nestlé's revenue reached 70.459 million euros in the first nine months of 2022, representing a 9,2% increase compared to the same period of the previous year, when turnover stood at 64.509 million euros.
In organic terms, sales grew 8,5%, discounting the impact of six tenths of a percentage point from the exchange rate and variations in the accounting scope. Price increases contributed 7,5 percentage points.
“ We achieved strong organic growth while continuing to adjust prices responsibly to reflect inflation. The economic environment is a concern for many people and is affecting their purchasing power. That’s why we aim to keep products affordable, taking into account the interests of all our stakeholders, ” explains Nestlé CEO Mark Schneider. “ We remain confident in the strength of our brands, operational execution and underlying category dynamics, which position us well for future growth ,” he adds.
Looking at the year as a whole, the company has adjusted its growth forecasts upwards, now expecting organic revenue growth of close to 8%, compared to the previously anticipated increase of between 7% and 8%.
Performance
Sales in North America reached €19.460 billion, representing an increase of 11,2%, while in Europe, turnover stood at €20.351 billion, up 1,7%.
In the East Asian region (AOA), sales improved by 4,2% to €14.166 million, while in Latin America they grew by 16,6% to €6.814 million and in China by 7,2% to €3.917 million.
With regard to Nespresso, its coffee division, the evolution of turnover remained practically unchanged (+0,4%), totaling 4.764 million euros.
