Nestlé reports 5.6 percent sales growth for first quarter

Nestlé announces the results for Q1 2023, reporting that total sales increased by 5.6 percent to 24 billion Euro. Organic growth reached 9.3 percent, with broad-based contributions across geographies and categories.

Mark Schneider, Nestlé CEO, commented: “Nestlé delivered strong organic growth in the first quarter, as our teams worked diligently to protect volume and ensure resilient mix. Portfolio optimization efforts and responsible pricing helped to offset the ongoing pressures from two years of cost inflation. Following a strong start to the year, we confirm our full-year 2023 outlook and remain focused on creating value for all stakeholders”.

„Following a remarkable collective effort coming from our Nestlé Romania team, we are happy to announce a good start of the year, one we are proud of. In the first quarter we saw a 21 percent organic growth across our 10 Nestlé divisions, 7 of them having a double-digit growth. We continued our social responsibility projects, our educational projects, and our donations towards the Food Bank, where we reached 6.7 tons of Nestle products. We hope to maintain the same pace regarding business development and social responsibility, in order to enjoy together ten consecutive years of growth”, says Silvia Sticlea, Country Manager Nestlé Romania.

This spring, Nestlé brings its Romanian customers a series of novelties in several market segments: NESCAFÉ 3in1 Creamy Latte, NESCAFÉ Barista Style with 4 flavors – Americano, Cappuccino, Latte and Caramel, KitKat Caramel, JOE® Mini with coconut flavor, pediatric supplements NANCARE®, vegetal milk dessert Gerber® Organic made from coconut milk with apple and pineapple flavors, as well as PURINA ONE BIFENSIS®, which supports the gut health and aids the immune system of cats.