Nestlé beats sales forecast excluding Russia
Nestlé, the Swiss company, reported solid financial results during the third quarter of 2026, surpassing the announced organic sales growth expectations by 4%, supported by a 2.8% increase in sales volumes. The decision by Russian authorities to seize the company's assets in Russia and to cease consolidating its results there had an impact on the financial outcomes, leading to the derecognition of assets worth 1.6 billion Swiss francs and expectations of a negative effect on net debt. Nevertheless, sales growth remained steady, and Nestlé reaffirmed its forecast for organic sales growth between 3% and 4% for 2026, focusing on restructuring its portfolio and reducing exposure to non-strategic sectors.
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