Nestle(US:NSRGY) Cai Jing Wang·2025-10-16 13:07Core Insights - Nestlé reported a total sales of 65.9 billion Swiss francs for the first nine months of 2023, a year-on-year decline of 1.9% with an organic growth rate of 3.3% [1] - The company experienced a stronger organic growth rate of 4.3% in Q3 compared to 2.9% in the first half of the year, driven by pricing actions and growth investments [1] - The company plans to cut approximately 16,000 jobs globally over the next two years, aiming to save 1 billion Swiss francs annually by 2027 [3][4] Sales Performance - Total sales for the first nine months were impacted by a 5.4% negative effect from currency fluctuations, while net acquisitions contributed positively by 0.1% [1] - The actual internal growth rate increased to 0.6%, with a stable pricing contribution rate of 2.8% [1] - Coffee and confectionery businesses were the main contributors to organic growth, with double-digit growth in some markets [1] Regional Performance - All regions contributed positively to organic growth, with developed markets showing a growth rate of 2.1% and emerging markets at 5.2% [2] - E-commerce sales achieved an organic growth rate of 13.2%, accounting for 20.2% of total sales [2] - The Greater China region reported an organic growth rate of -6.1%, with a negative pricing contribution rate of -3.2% [2] Operational Efficiency - The company announced a focus on enhancing operational efficiency through shared services and process automation [2] - The total cost-saving target for the "Growth Support" plan has been raised from 2.5 billion to 3 billion Swiss francs by the end of 2027 [4]