Nestle, the world’s leading food multinational, has released its full year results, posting single-digit organic growth over 2015.
The Swiss firm said that organic growth was 4.2% with real internal growth of 2.2%, fuelled in particular by a strong showing in the Americas where turnover was up 5.8%. Total sales for the year amounted to 88.8 billion CHF ($89.57 billion), while net profit was 9.1 billion CHF ($9.18 billion).
Commenting on the results, Nestle CEO Paul Bulcke said: “In 2015 we delivered profitable growth at the higher end of the industry in what is still a challenging environment. Additionally, we grew or maintained market share in the majority of our categories and markets. At the same time we continued to invest for the future with increased support behind our brands and further development of our new platforms in nutrition and health as well as E-commerce”.