Insurance for Pets

Nestlé is growing faster again – and is raising forecasts slightly until the end of the year – economy – Insurance for Pets

(Sat / dpa) Specifically, Nestlé reported organic growth of 3.5 percent for the third quarter on Wednesday. At 4.5 percent, the strongest geographic growth was in Asia, Oceania and Africa. At the first half of the year, total growth was still 1.3 percent. In the first quarter, however – boosted not least by hamster purchases due to the corona crisis – at a proud 4.3 percent.

As the reason for the slight increase in growth, Nestlé cites a sustained dynamic in North and South America. There is also greater demand for products for pets and Nestlé Health Science. The world’s largest food company traditionally only publishes profit figures for annual and semi-annual figures.

However, due to the sale of parts of the company and the stronger Swiss franc, the reported turnover in the third quarter fell by 9.4 percent to 61.9 billion Swiss francs, as the company with headquarters in Vevey announced. Nestlé had sold the skin care business Nestlé Skin Health. Overall, sales and currency effects reduced sales by 12.9 percent.

By the end of the year: Stronger growth and profit

« Nestlé has shown itself consistently in a volatile and difficult environment, » said CEO Mark Schneider in Wednesday’s announcement. The company has « acted quickly and responsibly », reduced the negative consequences of the pandemic and reacted quickly to the changing needs of consumers, said the Nestlé boss.

For the full year, Nestlé has raised its forecast slightly in the press release. The manufacturer of Nespresso coffee, Purina animal feed and Cailler chocolate now expects sales to grow by 3 percent and an improvement in the operating profit margin by the end of the year. So far, the food company has assumed 2 to 3 percent. “We assume,” the company also writes, that “both the underlying earnings per share at constant exchange rates and capital efficiency will increase”.

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