Nestlé S.A.'s revenue in 2023 decreased by 1.5%, and it is expected that sales growth will slow down in 2024.

Nestlé S.A. has announced its full-year performance for 2023, with a 1.5% decrease in sales. It is expected that sales growth will slow down in 2024. The total sales amount to 93 billion Swiss francs, with an organic growth of 7.2%. The underlying trading operating profit margin is 17.3%, basic earnings per share are 4.80 Swiss francs, and free cash flow is 10.4 billion Swiss francs. Nestlé S.A. anticipates an organic growth of around 4% in 2024, a slight increase in the underlying trading operating profit margin, and a growth of 6%-10% in basic earnings per share. Furthermore, Nestlé S.A. will prioritize growth driven by volume and product mix, and will boost growth through increased marketing and innovation.