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| Name | Symbol | Market | Type |
|---|---|---|---|
| Nestle SA (PK) | USOTC:NSRGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.06 | 0.06% | 101.20 | 101.18 | 102.21 | 102.17 | 101.12 | 102.12 | 594,323 | 22:20:00 |
From May 2019 to May 2024
By Anthony Shevlin
Nestle SA (NESN.EB) said Thursday that sales in the first quarter rose and that its planned portfolio management is on track.
The Swiss food-and-beverage giant said sales for the period were 22.18 billion Swiss francs ($21.98 billion) compared with CHF21.26 billion the year previous.
On an organic basis, sales rose 3.4%.
Organic sales in the Americas rose 3.4% in the quarter to CHF7.51 billion, Nestle said.
The company said its portfolio management is "full on track" with the strategic reviews of its skin-health and Herta cold-cuts businesses to be completed by mid and late 2019, respectively.
Nestle confirmed its guidance for the year, with continued improvement in organic sales growth and underlying trading operating profit margin.
Nestle Chief Executive Mark Schneider said: "Our increased speed, innovation for a changing world and execution focus are clearly paying off. We confirm our outlook for the year."
The company expects underlying earnings per share at constant currency rates and capital efficiency to increase as part of its 2020 targets.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin
(END) Dow Jones Newswires
April 18, 2019 01:40 ET (05:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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