Nestlé's revenues down, the exchange rate effect beats the price increases. Food giant Nestlé ended 2023 with revenues of 93 billion Swiss francs.
Organic growth, we read in a note, was 7.2%, thanks to a 7.5% increase in prices which compensated for a decrease in real internal growth (RIG) of 0.3%. Net profit grew by 20.9% to 11.2 billion francs while the dividend increased by 5 cents to 3 francs per share.