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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.12 | 0.11% | 106.75 | 106.44 | 107.47 | 107.56 | 106.58 | 107.44 | 363,141 | 21:13:11 |
From Jun 2022 to Jun 2024
By Giulia Petroni
Nestle SA said Wednesday that sales rose in the first nine months of the year and refined its full-year guidance for organic sales growth.
The Swiss food-and-beverage giant reported sales of 69.13 Swiss francs ($69.49 billion) in the period, up from CHF63.29 billion in the previous year and above a company-compiled consensus that forecast the figure at CHF68.91 billion.
Organic sales growth was 8.5%, with real internal growth of 1%, the company said. Pricing increased to 7.5%, reflecting significant cost inflation.
Looking at the full year, the company now expects organic sales growth of around 8%. It had previously forecast organic growth of between 7% and 8%.
Nestle confirmed underlying trading operating profit margin is seen at around 17%, while underlying earnings per share in constant currency and capital efficiency are expected to increase.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 19, 2022 01:56 ET (05:56 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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