Nestlé aiming at 100% recyclable or reusable packaging by 2025
Provider: Nestlé Global Type: Link Title: Key actions to fight plastic pollution Description: Discover how Nestlé is tackling plastic packaging pollution. It's an urgent priority for us a responsibility we take seriously.
Provider: Nestlé Global Type: Link Title: Nestlé reports full-year results for 2017 Description: Mark Schneider, Nestlé CEO, said: "Our 2017 organic sales growth was within the guided range but below our expectations, in particular due to weak sales development towards the end of the year. Sales growth in Europe and Asia was encouraging while North America and Brazil continued to see a challenging environment. Our cost reduction initiatives delivered margin improvement ahead of 2017 expectations, in spite of considerable commodity price increases. During the past months, we have completed initial portfolio adjustments with very favorable results. We will continue this active portfolio management approach in a disciplined manner and fully in line with our strategy. Regarding our core portfolio, accelerating our growth through product innovation and renovation is high on the agenda. Organic sales growth is expected to improve in 2018 and we are firmly on track for our 2020 margin improvement target." Read the press release. Watch the press conference webcast live at 09:00 CET. Follow the investor audio webcast live at 14:00 CET.
Nestlé agrees to sell U.S. confectionery business to Ferrero
Provider: Nestlé Global Type: Link Title: Nestlé agrees to sell U.S. confectionery business to Ferrero Description: Nestlé today announced that it agreed to sell its U.S. confectionery business to Ferrero for USD 2.8 billion in cash. Nestlé’s 2016 U.S. confectionery sales reached about USD 900 million. The transaction is expected to close around the end of the first quarter of 2018 following the completion of customary approvals and closing conditions. Nestlé CEO Mark Schneider commented: "With Ferrero we have found an exceptional home for our U.S. confectionery business where it will thrive. At the same time, this move allows Nestlé to invest and innovate across a range of categories where we see strong future growth and hold leadership positions, such as pet care, bottled water, coffee, frozen meals and infant nutrition." Read the press release
Nestlé reorganizes infant nutrition business, announces changes to Executive Board
Provider: Nestlé Global Type: Link Title: Nestlé reorganizes infant nutrition business, announces changes to Executive Board Description: The Nestlé Board of Directors has decided to change the organization of the infant nutrition business at Nestlé to enhance further the company’s ability to win in this high-growth category. Effective January 1, 2018, infant nutrition will move from the globally-managed Nestlé Nutrition to a regionally-managed business. The change does not apply to other Nestlé businesses. Nestlé also announced changes to its Executive Board today. Read the press release
Provider: Nestlé Global Type: Link Title: Nestlé reports nine-month sales for 2017 Description: Mark Schneider, Nestlé CEO: "Our sales results for the nine-month period are in line with our expectations communicated in July. Organic sales growth continued to benefit from industry-leading volume growth, which illustrates our ability to innovate and meet consumer demand. Pricing remained soft. Zone AOA saw further improvement in organic growth. As expected, Western Europe returned to positive organic growth, with significant contributions from coffee and confectionery. Improving our efficiency is a key priority. We have identified further opportunities to accelerate our margin improvement, leading to a further increase in restructuring and related expenses in 2017. Consequently, we now expect our trading operating profit margin to decrease by 40-60 basis points. The development of our underlying trading operating profit margin is fully in line with our expectations for 2017." Read the press release Follow the investor call audio webcast hosted by Mark Schneider, Nestlé Chief Executive Officer, and François-Xavier Roger, Nestlé Chief Financial Officer, live at 14:00 CEST.
