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nestle aoa

Nestle reported organic sales growth in the first 9 months of the year

7 mins read

The FINANCIAL — Nestle today reported nine-month sales for 2020. Organic growth reached 3.5%, with real internal growth (RIG) of 3.3% and pricing of 0.2%. Growth was supported by continued strong momentum in the Americas, Purina PetCare and Nestlé Health Science. Zone AOA reached 4.5% organic growth in the third quarter. Divestitures and foreign exchange reduced sales by 12.9%. Total reported sales decreased by 9.4% to CHF 61.9 billion (9M-2019: CHF 68.4 billion). Nestlé’s current strategic reviews are fully on track. Further progress in portfolio management was made. The acquisition of Aimmune Therapeutics was completed on October 13, 2020. Full-year guidance for 2020 updated: We expect full-year organic sales growth…

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Nestle reported organic sales growth in the first 9 months of the year

7 mins read

The FINANCIAL — Nestle today reported nine-month sales for 2020. Organic growth reached 3.5%, with real internal growth (RIG) of 3.3% and pricing of 0.2%. Growth was supported by continued strong momentum in the Americas, Purina PetCare and Nestlé Health Science. Zone AOA reached 4.5% organic growth in the third quarter. Divestitures and foreign exchange reduced sales by 12.9%. Total…