Food and beverage giant Nestle reported organic growth of 7.5 per cent in 2021, led by continued momentum in retail sales, steady recovery of out-of-home channels, increased pricing and market share gains. Year-end sales for the Swiss company were CHF87.1 billion (US$94.6bn), up by 3.3 per cent on 2020, which had declined by nearly 9 per cent compared to 2019. Net profit grew by 38.2 per cent to CHF16.9bn ($18.3bn), which also beat 2019's net profit of CHF12.6bn ($13.6bn). By product category, growth came mostly from coffee, fuelled by the three main brands: Nescafe, Nespresso and Starbucks, the company said. Purina PetCare posted double-digit growth, led by premium brands Purina Pro Plan, Fancy Feast and Purina One. Nestle Health Science also recorded double-digit growth.
展开▼
