Swiss food giant Nestlé on Thursday unveiled net profit down 45.2% for 2022, to 9.3 billion Swiss francs (9.4 billion euros), after exceptional gains which had boosted the result in 2021.
Its turnover increased by 8.4%, to 94.4 billion Swiss francs (95.6 billion euros), boosted by price increases to offset inflation in its costs, indicates- he in a statement.
Its organic growth, an indicator closely followed by financial analysts to assess its sales excluding currency effects and acquisitions, reached 8.3%, returning to its highest level since the 2008 financial crisis.
Prices rose 8.2% as cost inflation increased in the second half, with rising costs for dairy products, cereals and energy in particular, Nestlé said.
Inflation has reached unprecedented levels
,” said its chief executive, Mark Schneider, quoted in the press release, noting that “
pressures on purchasing power have intensified
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These pressures were particularly reflected in volumes, with real internal growth limited to 0.1%.
For 2023, the group, which owns, among other things, Nespresso coffee pods, Maggi broths and KitKat chocolate bars, expects organic sales growth of between 6% and 8% and a recurring current operating margin of between 17.0% and 17%. .5%.