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Press Release: Nestle: Nestlé reports half-year -3-

26 Jul 2018 5:17 am
      IFRS 16 - Leases and IFRIC 23 - Uncertainty over income tax treatments as 
      well as other accounting policies and presentation changes; and 
 
 
   -- the change in organization of infant nutrition business. Effective 
      January 1, 2018 Nestlé Nutrition is reported in the Zones as a 
      regionally managed business, with Gerber Life Insurance business reported 
      in Other Businesses. 
 
 
   Half-year sales and underlying trading operating profit (UTOP) overview 
by operating segment 
 
 
 
 
               Total                Zone               Nestlé    Other 
               Group    Zone AMS    EMENA    Zone AOA    Waters     Businesses 
Sales 
6M-2018 
(CHF m)       43'920     14'153     9'303     10'634      3'967       5'863 
Sales 
6M-2017 
(CHF m)*      42'926     14'689     8'741     10'273      3'988       5'235 
RIG               2.5%      1.0%       3.1%      3.7%        -0.7%        5.4% 
Pricing           0.3%      0.0%      -0.6%      0.7%         1.7%        0.3% 
Organic 
 growth           2.8%      1.0%       2.5%      4.4%         1.0%        5.7% 
Net M&A           0.0%     -1.0%      -0.2%     -0.1%        -0.8%        4.9% 
Foreign 
 exchange        -0.5%     -3.6%       4.1%     -0.8%        -0.7%        1.4% 
Reported 
 sales 
 growth           2.3%     -3.6%       6.4%      3.5%        -0.5%       12.0% 
6M-2018 
 Underlying 
 TOP (CHF 
 m)              7'063     2'680      1'758     2'435          398         960 
6M-2017 
 Underlying 
 TOP (CHF 
 m)*             6'821     2'734      1'593     2'377          505         777 
6M-2018 
 Underlying 
 TOP 
 Margin          16.1%     18.9%      18.9%     22.9%        10.0%       16.4% 
6M-2017 
 Underlying 
 TOP 
 Margin*         15.9%     18.6%      18.2%     23.1%        12.7%       14.8% 
 
 
 
   Half-year sales and underlying trading operating profit (UTOP) overview 
by product 
 
 
 
 
                                         Milk               Prepared 
                     Powdered          products  Nutrition  dishes & 
             Total   & liquid           & ice    & Health   cooking 
             Group   beverages  Water   cream     Science     aids    Confection-ery  Petcare 
Sales 
6M-2018 
(CHF m)      43'920   10'265    3'729   6'385      7'912     5'819        3'634        6'176 
Sales 
6M-2017 
(CHF m)*     42'926    9'805    3'734   6'492      7'471     5'724        3'700        6'000 
RIG            2.5%       2.8%  -0.4%      0.8%       4.5%      1.4%            4.1%     3.2% 
Pricing        0.3%       0.6%   1.7%      0.2%      -0.4%      0.1%           -1.3%     0.6% 
Organic 
 growth        2.8%       3.4%   1.3%      1.0%       4.1%      1.5%            2.8%     3.8% 
6M-2018 
 Underlying 
 TOP (CHF 
 m)           7'063      2'394    352     1'128      1'603     1'010             449    1'295 
6M-2017 
 Underlying 
 TOP (CHF 
 m)*          6'821      2'256    486     1'172      1'477       959             388    1'248 
6M-2018 
 Underlying 
 TOP 
 Margin       16.1%      23.3%   9.4%     17.7%      20.3%     17.4%           12.4%    21.0% 
6M-2017 
 Underlying 
 TOP 
 Margin*      15.9%      23.0%  13.0%     18.1%      19.8%     16.8%           10.5%    20.8% 
 
 
   Contacts: 
 
   Media: Christoph Meier Tel.: +41 21 924 22 00 
 
   Investors: Luca Borlini Tel.: +41 21 924 38 20 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Nestlé S.A. via Globenewswire 
 
   --- End of Message --- 
 
   Nestlé S.A. 
 
   Avenue Nestlé 55 Vevey Switzerland 
 
   WKN: 887208;ISIN: CH0038863350; 
 
 
  http://www.nestle.com 
 

(END) Dow Jones Newswires

July 26, 2018 01:17 ET (05:17 GMT)
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