3rd November 2020
Daniel Pfund, Senior Financial Analyst
In the first nine months of the year, Nestlé’s sales declined by -9.4% to CHF 61.9 billion. However, this decline is entirely attributable to disposals and exchange rate fluctuations. If only comparable sales are taken into account, organic growth amounted to 3.5% (including a price effect of only 0.2%). This growth is quite respectable in the field in which Nestlé operates and given the global health situation. This growth is due to the strong demand, already seen in the first part of the year, in pet care and Nestlé Health Science. Zone Americas in particular stood out as the region with the highest organic growth (5.1%). These good results once again demonstrate the resilience of the Nestlé model under the good leadership of its CEO, Mark Schneider.