Nestle reports stronger than expected 2009 earnings

The world’s biggest food company posted stronger than expected 2009 earnings

The Switzerland-based food company, Nestle, today announced full year fiscal 2009 earnings, beating Wall Street expectations.

Aggregate sales in 2009 were 107.62-billion francs, down 2-percent YoY. Nestle’s organic business missed internal sales growth forecasts for the year, growing 4.1-percent, compared to 5-pecent expected growth.

 The company said it netted 10.4-billion francs in profits (CHF 2.92 per share), which compares to CHF 18-billion in fiscal 2008 (Fiscal 2008 net profit was higher because of an acquisition).
Analysts were expecting just over 10-billion francs in profits.

Nestle today forecasted significant improvements in 2010 sales, especially as sales in the European segment are expected to pick up after a 0.9-percent drop in 2009.

Nestle’s top revenue generator, it’s bottled-water business, experienced a significant 1.4-percent decline in revenue in 2009. That business contributes 10-15-percent of total revenue for the firm.

The company also confirmed today it would increase its regular dividend on preferred stock by 14-percent to 1.60 francs per share.

tag TAGS: ,
Short URL:
b2p Ensure that you follow us on Twitter and Like us on Facebook
Peggy holds a Bachelor Arts degree with honors in Economics from York University in Toronto, Canada. She is a Certified Management Accountant (CMA). She has also passed Level I of the Chartered Financial Analyst (CFA) Program. She is also a realtor. Write to [email protected]
We are perfectly committed to the highest ethical and professional codes of conduct and standards in the industry on a firm wide basis. Learn more about us, our contributors, and our governance
We encourage you to comment. Comments are moderated. Comments that are abusive, off-topic, have marginal substance, or include promotional content will be removed. We cannot facilitate requests to edit or remove comments, or explain moderation decisions

Business 2.0 Press publishes exclusive business tech news and analysis covering start-ups to large-caps from Bay & Wall streets since 2008 from a group of highly knowledgeable industry professionals that abide by the toughest industry codes of conduct and professional standards lightMore

lightAdd value by subscribing (RSS)

logo has the most stock ratios for public companies. Get the most comprehensive micro insight on public firms available on the web, all for free.
Stock Fractionsgo


Colon cancer is one of the leading causes of death. Irrespective of family history, everyone is exposed to the risk. About 90% of colon cancer cases begin from non-cancerous tumors, polyps, which could form in the large bowel. Screening with a colonoscopy will painlessly remove any polyps hence almost entirely reducing your risk of developing the horrible disease. The good news is that about 90% of colon cancer cases are preventable through a simple (yes, simple) colonoscopy.
Learn moreatom
Public service message from Business 2.0 Press