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Nestlé, sales rise but profit falls

Revenues up 8.4 percent in 2022: analysts' forecasts disappointed

Not pleasing the market were Nestlé's 2022 results, which reported sales growth of 8.4 percent to 94.42 billion Swiss francs (about $ 102.4 billion), up from $ 94.3 billion a year earlier. The performance, just below forecasts of 95.02 billion Swiss francs, was driven by prices in both developed and emerging markets, while organic growth, which excludes the impact of acquisitions and currency movements,...

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EFA News - European Food Agency
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