Investor Presentaiton
Key messages
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Strong broad-based organic sales growth of 8.7%
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Strong pricing of 9.5%, reflecting significant input cost inflation
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Resilient RIG of -0.8%, impacted by portfolio optimization and remaining capacity constraints
Generating resources and investing for growth
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Gross margin up 110 basis points vs. the second half of 2022
Marketing investment up 50 basis points vs. the second half of 2022
Underlying trading operating profit margin up 20 bps to 17.1%
Strong underlying earnings per share growth of 11.1% in constant currency
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Free cash flow increased by CHF 1.9 billion to CHF 3.4 billion, mainly reflecting lower inventory levels.
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July 27, 2023
Nestlé half-year results 2023
Nestle Good food, Good lifeView entire presentation