VEVEY (dpa-AFX) - Swiss food and beverage giant Nestle SA (NSRGY.PK, NSTR.L)
reported that its total sales for the first-quarter were 22.1 billion Swiss
francs, a decrease of 5.9% from last year. Foreign exchange decreased sales by
6.7%. Net divestitures had a negative impact of 0.6%.

Quarterly group organic sales growth was 1.4%, driven by Europe and emerging
markets, with a negative impact from North America. Pricing was 3.4%, following
a high base of comparison in 2023.

Zone North America organic revenues for the first quarter was down 2.5%. Pricing
moderated to 3.3%.

Zone Europe organic revenues was up 4.4%, with pricing of 4.6%.

Looking ahead for full-year 2024, the company still expects organic sales growth
of around 4% and a moderate increase in the underlying trading operating profit
margin. Underlying earnings per share in constant currency is expected to
increase between 6% and 10%.

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