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Nestle FY20 Profit Down, Organic Sales Rise; Lifts Dividend; Sees Growth Ahead


Nestle FY20 Profit Down, Organic Sales Rise; Lifts Dividend; Sees Growth Ahead
VEVEY (dpa-AFX) - Swiss food and beverage giant Nestle SA reported Thursday lower profit in its fiscal 2020 with weak sales. However, sales increased organically, and the company continues to expect organic sales growth in fiscal 2021 towards a mid single digit rate.
For fiscal 2021, the company projects an increase in underlying earnings per share in constant currency and underlying trading operating profit margin with continued moderate improvement.
For the mid-term, the company anticipates sustained mid single-digit organic sales growth and continued moderate underlying trading operating profit margin improvement.
Further, Nestle said its Board of Directors will propose a dividend of 2.75 francs per share, an increase of 5 centimes, at the Annual General Meeting on April 15. The recording date of the dividend will be April 16, and payable as from April 21. ....

Switzerland General , Mark Schneider , Health Science , Nutrition Health Science , Annual General Meeting , Purina Petcare , சுவிட்சர்லாந்து ஜநரல் , குறி ஶ்நைடர் , ஆரோக்கியம் அறிவியல் , ஊட்டச்சத்து ஆரோக்கியம் அறிவியல் , ஆண்டு ஜநரல் சந்தித்தல் , புரிண செல்லப்பிராணி பராமரிப்பு ,

Nestlé FY20 Underlying Trading Operating Profit Decreases; Organic Growth In Sales At 3.6%


Nestlé FY20 Underlying Trading Operating Profit Decreases; Organic Growth In Sales At 3.6%
VEVEY (dpa-AFX) - Nestlé (NSRGY.PK, NSTR.L) reported fiscal 2020 profit attributable to shareholders of the parent of 12.23 billion Swiss francs compared to 12.61 billion francs, last year. Earnings per share was 4.29 francs compared to 4.30 francs. Underlying trading operating profit decreased by 8.3% to 14.9 billion Swiss francs. Underlying earnings per share increased by 3.5% in constant currency and decreased by 4.5% on a reported basis to 4.21 francs.
Fiscal 2020 total reported sales decreased by 8.9% to 84.3 billion Swiss francs. Organic growth was 3.6%, for the fiscal year period.
For fiscal 2021, the company expects continued increase in organic sales growth towards a mid single digit rate. The company projects an increase in underlying earnings per share in constant currency. ....

Switzerland General , Nestl 233 , சுவிட்சர்லாந்து ஜநரல் ,

BLC helps European brands accelerate towards organic status with expanded portfolio


BLC helps European brands accelerate towards organic status with expanded portfolio
By Gill Hyslop
Bunge Loders Croklaan (BLC) expands European portfolio of organic fats and oils to meet growing demand for organic products.
Savvy companies are finely attuned to their consumers’ needs and strive to align their product portfolio to meet these demands. Thanks to the pandemic, the consumer is more concerned about their health and what ingredients they put into their bodies, but this doesn’t mean their focus on sustainability has wavered. This goes hand in hand with an increased demand for organic products.
Last year, Mintel reported that globally, one out of eight product launches carried the organic claim. In Europe, this ratio was even higher at one out of five. ....

Marcel Henneman , European Commission , Green Deal , Product Management , Bunge Loders Croklaan , Fats And Oils , ஐரோப்பிய தரகு , பச்சை ஒப்பந்தம் , ப்ராடக்ட் மேலாண்மை , கொழுப்புகள் மற்றும் எண்ணெய்கள் ,