Foreign exchange decreased sales by 7.4%. Net acquisitions had a negative impact of 0.8%. Organic growth reached 7.8%, with pricing of 8.4% and real internal growth of -0.6%. Mark Schneider, Nestle CEO, commented: “Our diversified portfolio and differentiated offerings helped us deliver strong organic growth in the first nine months of the year. Growth was driven by pricing as we continued to navigate historic inflation levels. The recovery of our volume and mix is underway. We are seeing the benefits of our portfolio optimization initiatives and increasing marketing investments behind our billionaire brands. These steps underpin our confidence that real internal growth, the sum of volume and mix, will turn positive in the second half of the year and again become the main driver of growth going forward.
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