Nestlé Group (NSTR.L, NSRGY.PK) reported fiscal 2012 net profit of 10.6 billion Swiss francs; an increase of 1.1 billion francs from last year. Profit per share increased 12.2% to 3.33 francs. Underlying earnings per share in constant currencies were up 7.5%. Reported sales were up 10.2% to 92.2 billion francs. Organic growth was 5.9%, and was composed of 3.1% real internal growth and 2.8% pricing.
Nestlé Board will propose an increase in the dividend to 2.05 francs per share at the Annual General Meeting. The net dividend will be payable as from 18 April 2013. The last trading day with entitlement to receive the dividend is 12 April 2013.
Looking forward, Nestlé Group said the environment looks to be every bit as challenging in 2013 as it was in 2012. The Group expects to deliver the Nestlé Model once again in 2013: organic growth between 5% and 6% together with an improved trading operating profit margin and underlying earnings per share in constant currency, as well as improvement in capital efficiency.
by RTT Staff Writer
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