Nestlé report an organic growth of 1.4%, with pricing of 3.4% and real internal growth (RIG) of -2.0% for Q1 2024. Total reported sales were CHF 22.1 billion, a decrease of 5.9% (3M-2023: CHF 23.5 billion). Foreign exchange decreased sales by 6.7%. Net divestitures had a negative impact of 0.6%. Overall, organic sales growth for the Group was driven by Europe and emerging markets, with a negative impact from North America.
The group expects organic sales growth of around 4% and a moderate increase in the underlying trading operating profit margin. Underlying earnings per share in constant currency is expected to increase between 6% and 10%.
