Nestle’s frozen food business has accelerated the company’s growth in the US, according to the company’s full-year financial statement.
Sales of the new ranges of Lean Cuisine and Stouffer’s were strong, supported by positive consumption trends, while Pizza’s positive momentum also accelerated, driven by innovation. Further, In ice cream, Häagen-Dazs and snacks continued to drive growth with new product launches.
“Our organic growth of 4.2% was supported by increased momentum in real internal growth combined with continued margin improvement. Additionally, we grew or maintained market share in the majority of our categories and markets,” said CEO Paul Bulcke. “We kept up the focus on portfolio management, turning around our frozen food business in the United States, disposing of non-core businesses and forging a new partnership to create a leading player in ice cream,” he added.
Frozen food was also a growth driver for Nestle in Western Europe, especially on the frozen pizza segment, with Wagner and Buitoni brands.
Overall, the company has recorded total sales of CHF 88,8 billion. According to Nestle, the outlook for 2016 sees continued organic growth. “We anticipate that our trading environment in 2016 will be similar to previous years with even softer pricing. As such we expect to deliver organic growth in line with 2015, with improvements in margins and underlying earnings per share in constant currencies, and capital efficiency,” said the company.