Nestle reports FY22 sales CHF 94.42B vs. CHF 87.09B last year

Organic growth was 8.3%. Pricing increased to 8.2%, reflecting significant cost inflation. RIG was positive at 0.1%, following a high base of comparison in 2021, supply constraints and portfolio optimization actions. Underlying trading operating profit increased by 6.5% to CHF 16.1 billion. Gross profit increased by 2.5% to CHF 42.7 billion. Net profit decreased by 45.2% to CHF 9.3 billion. As a result, earnings per share decreased by 43.5% to CHF 3.42 on a reported basis. Underlying earnings per share increased by 9.4% in constant currency and by 8.4% on a reported basis to CHF 4.80. Mark Schneider, Nestle CEO, commented:"Last year brought many challenges and tough choices for families, communities and businesses. Inflation surged to unprecedented levels, cost of living pressures intensified, and the effects of geopolitical tensions were felt around the world. The entire Nestle team demonstrated dependability, as we navigated this difficult environment. Organic growth was solid, margins continued to be resilient, and our underlying earnings per share development was strong. At the same time, we ensured access to nutritious products and affordable offerings globally."