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Nestlé reports strong H1 growth
The group achieved organic growth of 6.1% and an EBIT margin improvement to 15.1%, an increase of 80 basis points.
The group’s food and beverages business achieved 5.7% organic growth, built on a solid foundation of growth both in emerging markets as well as in Western Europe and North America.
This growth represents an acceleration over the corresponding period in 2009, particularly in Europe as well as in Asia, Oceania and Africa. This top-line performance was combined with a 60 basis points EBIT margin improvement in food and beverages.
Group highlights
- Sales of CHF 55.3bn, 6.1% organic growth, 4.6% real internal growth
- EBIT of CHF 8.4bn, +13.6%; EBIT margin 15.1%, +80 bps1, +70 bps in constant currencies
- Earnings per share up 13.5% to CHF 1.60.
Food and beverages
- Sales of CHF 51.0bn, 5.7% organic growth, 4.2% real internal growth
- EBIT of CHF 6.7bn, +10.6%; EBIT margin 13.0%, +60 bps reported and in constant currencies
- Consumer-facing marketing spend up over 14% in constant currencies.
Source: Nestlé
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