As the publication revealed, organic growth for the business, which includes a number of confectionery brands such as KitKat, reached 3.5%, fully in line with guidance. Underlying trading operating profit margin ahead of expectations, up 50 basis points in constant currency and up 40 basis points on a reported basis to 16.4%. Nestlé Waters posted high single-digit growth in the international premium brands. Sales growth in Europe and Asia was encouraging while North America and Brazil continued to see a challenging environment. NESTLE has announced its results for the year ended December 2018. Additional information can be found in the Compensation Report. Shareholders entered in the share register with voting rights on April 5, 2018 at 12:00 noon (CEST) will be entitled to exercise their voting rights. The United States had slightly positive organic growth driven by price increases. This annual report features images taken from our new website www.fpn.ch. In China, organic growth remained soft but saw some improvement in the back half of the year. Media: Robin Tickle Tel. Everything you need to know about Nestlé is here: brands, key figures, milestones. The move supports our strategy to prudently pursue opportunities in consumer healthcare to complement our focus on high-growth food and beverage categories. Annual Financial Report for the year ended 31 December 2017 - 3 - Financing operations reported a net profit of EUR 4.5 million for the financial year ended 31 December 2017 compared to a net profit of EUR 4 million for the financial year ended 31 December 2016. Nestlé publishes Annual Report 2012 Nestlé has published its Annual Report 2012, outlining the company’s performance last year and its future ambitions. South-East Asia and South Asia maintained good organic growth, with strong, Sub-Saharan Africa saw strong double-digit growth with positive, Developed markets remained solid, with good. Learn about our strategy, sales and results or download our investor seminar presentations. Mexico was resilient and other parts of Latin America sustained good momentum. : +41 21 924 3509, Across the globe, Nestlé are here to help answer your queries, We unlock the power of food to enhance quality of life for everyone, today and for generations to come. Net divestments reduced sales by 1.9%, largely related to the creation of the Froneri joint venture. Net acquisitions decreased reported sales by 0.8% and foreign exchange had a positive 1.0% impact. There was good growth in sub-Saharan Africa, South-East Asia and South Asia, despite some impact on organic growth from the implementation of GST in India. ۴S��ndl_B�3�C����G�~\��#���GZ�߂���}3�t����n���V��n9�n��j�u9 m9�Ӓ��yÓ�&�p��kVlS�*���. Nestlé touches the lives of billions of people every day: the farmers who grow our ingredients, our consumers, and the communities where we live and work. Annual Report 2017. Connecting with consumers. Fair value . Nestlé reports full-year results for 2017. : +41 21 924 35 09 Let us know your concerns. Petcare’s performance was supported by very strong growth in Russia and other emerging markets. Nestlé Finance International Ltd. Nespresso reported consistent mid single-digit growth, with positive growth in all regions and sustained mid-teen momentum in North America. Underlying trading operating profit increased by 2.9% to CHF 14.7 billion. 14. 64 Consolidated Financial Statements of the Nestlé Group 2017 Consolidated income statement for the year ended 31 December 2017 In millions of CHF Notes 2017 2016 Sales 3 89 791 89 469 Other revenue 330 317 Cost of goods sold (44 923) (44 199) Distribution expenses (8 205) (8 059) Marketing and administration expenses (20 540) (21 485) 14. NESTLE Income Statement Analysis. Special Reports. Pricing of 0.8% was consistent with the prior year. Signup for Global Nestlé News. Restructuring costs. Emerging markets overall delivered high single-digit growth. Nestle Q4 net seen up 24% YoY but demonetisation may hit QoQ nos. 794 0 obj <>stream Feb 15, 2018. Net divestments and foreign exchange reduced reported sales by 0.4% and 2.3%, respectively. Reported sales in Other Businesses increased by 5.0% to CHF 10.2 billion. As a result of the United States Tax Reform, we expect a reduction in our United States corporate tax expenses of around CHF 300 million per year, as from January 2018. Everything you need to know about Nestlé is here: from our history to key figures and milestones. Dedicated to our purpose of enhancing quality of life and contributing to a healthier future, we feel a deep sense of responsibility to fulfil our promise of ‘GOOD FOOD, GOOD LIFE’. Restructuring costs2 are expected at around CHF 700 million. Contacts. As announced on November 15, 2017, the Nestlé Board of Directors decided to change the organization of the infant nutrition business to enhance the company’s ability to win in this high-growth category. The Fonds de Pensions Nestlé (the Fund) posted a positive performance of 9.1 % in 2017 thanks to a very good financial year. Full Year/Quarter Reports. 1 st January, 2017 with a transition date of 1 st January, 2016. Nestlé announced on January 18, 2018 that its Board of Directors proposes Pablo Isla, Chief Executive Officer and Chairman of Inditex; Kasper Rorsted, Chief Executive Officer of adidas; and Kimberly A. Ross, former Chief Financial Officer of Baker Hughes, for election as new independent members of the Board of Directors. Nestlé Health Science maintained solid growth driven by Medical Nutrition. The Share Capital of the Company stood at Rs. Net divestments reduced reported sales by 8.0%, mainly reflecting the transfer of the ice cream business to the Froneri joint venture. Tell us. Total reported sales increased by 0.4% to CHF 89.8 billion. Let us have a look at the detailed performance review of the company during FY17-18. Sixth Annual … Global Initiatives. The Zone achieved its highest growth in four years despite difficult comparables in the fourth quarter due to the timing of Chinese New Year. For the first quarter and nine months results, we report sales only and this information is available through the press releases and related presentations. During the past months, we have completed initial portfolio adjustments with very favorable results. This was mainly driven by an improvement in Nestlé Skin Health, however the profitability of this business remained substantially below its historical level. 09:00 CET Full-year results press conference webcast Developed markets saw strong RIG, especially Japan. Total reported sales were CHF 89.8 billion, a 0.4% increase for the year. Nestlé announces Board decisions regarding the Gerber Life Insurance business and the L’Oréal investment. Nestlé reports full-year results for 2017, Follow today's events live Total reported sales increased by 0.4% to. income statement. During the financial year, Total assets of the Company stood at Rs. The Zone’s underlying trading operating profit margin improved by 20 basis points as pricing, operational efficiencies and structural cost savings more than offset an increase in commodity costs. Europe maintained low single-digit organic growth on a full-year basis. We have full confidence in L’Oréal’s management and strategic direction. Contact Fonds de Pensions Nestlé P. O. These cost savings largely offset the increase in commodity costs of around CHF 900 million. Organic growth in the United States was slightly negative, as weak consumer demand persisted throughout the year, resulting in stagnant food and beverage category growth. Whether you have years of work experience or you just graduated, there’s a job opportunity for you at Nestlé. Reported sales in Zone AOA increased by 2.0% to CHF 16.2 billion. This equates to a reduction of the Group underlying tax rate of around 200 basis points from 2018 onwards, assuming no other changes. Modern Slavery and Human Trafficking Report 2017 – Nestlé in the UK 2 18 Introduction 3 Organisational structure and supply chains 4 Our approach to human rights, modern slavery and human trafficking 5 Our Policies 8 Due Diligence 9 Monitoring 11 Looking ahead 17. Nestlé Annual Report 2013 I Consolidated Financial Statements. Investors: Dessi Temperley Tel. Nestlé also reports half year financial results. %PDF-1.6 %���� Nestlé’s Board of Directors has decided to explore strategic options, including a potential sale, for its Gerber Life Insurance business. �̾����>#�ƅ���ꗳ$G��G2���� ��vkG���)��=^#7Q���Y��F��IuS/��ts��~�`G�@���D?��������-��A�z���� ��=x�;%�Ȕ�ohW����q�۷3Vҝy�;�٬[� Net divestments reduced sales by 1.9% and foreign exchange had a minimal negative impact of 0.1%. Growth remained soft in Nestlé Nutrition as sales were subdued in North America and declined in Brazil. This result, the best since 2009, is higher than the average performance of around 8.0 % achieved by Swiss pension funds in general. RIG decelerated to 1.8%, reflecting softer growth across both North America and Europe. In order to maintain all available options for the benefit of Nestlé’s shareholders, the Board of Directors has decided not to renew this agreement. : +41 21 924 2200 We have made good progress in the execution of our portfolio management strategy. The Annual Report contains Nestlé's Annual Review including Creating Shared Value highlights. The Zone’s underlying trading operating profit margin improved by 60 basis points, as ongoing restructuring projects reduced structural costs. Sorry, you need to enable JavaScript to visit this website. However, foreign exchange effects increased reported sales by 0.6%. Nestlé Nutrition’s underlying trading operating profit margin decreased by 10 basis points, mainly due to lower profitability in Brazil, where pricing was significantly impacted by deflationary pressures. The United States was subdued with slightly positive growth in the context of ongoing weak category dynamics. The underlying trading operating profit margin grew by 80 basis points to 18.1%. Box 353 Avenue Nestlé 55 1800 Vevey (Switzerland) Telephone : +41 21 924 64 00 In case of doubt or differences of interpretation, the French version shall prevail over the English and the German text. 121. This was driven by working capital development, which saw a slower rate of improvement following the exceptionally large reduction in the prior year. Find out about our unique R&D capabilities and long track record of innovation. The trading operating profit margin decreased by 60 basis points on a reported basis to 14.7%, in line with our guidance. RIG remained solid at 1.7% and pricing improved to 0.6%, driven by a return to positive pricing in Western Europe. ;��q��Z}�wV� Excluding the confectionery business, growth in the United States was flat, reflecting soft consumer demand and challenging category dynamics. Growth of Nestlé Nutrition was impacted by negative results in Brazil, especially in the back half of the year. Everything you need to know about Nestlé is here: brands, key figures, milestones. In addition, the tax rate reduction triggered a one-time deferred tax gain in 2017 of around CHF 850 million. Lesadaptations des prix de 0,8% ont été constantes par rapport à l’année précédente. Financial instruments This was mainly driven by an improvement in Nestlé Skin Health, however the profitability of this business remained substantially below its historical level. Vevey, Switzerland, Organic growth of 2.4%, with 1.6% of real internal growth (RIG) and pricing of 0.8%. 964,157 million. NESTLE 2017-18 Annual Report Analysis Mon, 25 Mar. Growth in China remained soft but did improve compared to the prior year, driven by new organic offerings for NAN and illuma. Back to Press releases.