Daily Management Review

Nestle sales grow in the first half of 2022


One of the biggest producers of food and beverages in the world, Nestle SA, said that its sales increased 9.1% year over year to 45.58 billion Swiss francs ($47.4 billion) in the first half of the year.

According to the press release, organic sales increase was 8.1 percent.

While this was happening, sales in the Americas area increased 6.8% to $12.6 billion (Fr).

Sales increased 2.1 percent to 9.3 billion Swiss francs ($9.6 billion) in South Asia, Oceania, and Sub-Saharan Africa). Additionally, sales in Europe reached 9.3 billion francs ($9.6 billion), a 2.1 percent increase. Sales in Latin America increased 4.2 percent to $5.9 billion (5.7 billion Swiss Francs).

Nestle projects 7-9 percent annual organic sales growth.

source: bloomberg.com