PETALING JAYA, Malaysia
,
May 2, 2024
(press release)
–
Nestlé (
Key Highlights: * Nestlé (
* Introduced MAGGI IN MY MUG for convenient consumption of Maggi Noodles * The company decreased greenhouse gas emissions by 14,000 tonnes of CO2 equivalent annually with the biomass boiler launch Original Press Release:
KEY HIGHLIGHTS * Turnover of
* Profit After Tax remained resilient at
Nestlé (
Review of performance: Quarter 1, 2024 vs Quarter 1, 2023 In Q1 2024, the Group recorded a turnover of
Mr. Juan Aranols, Chief Executive Officer of Nestlé (
Innovation played again a key role in the quarter, with successful seasonal offerings such as the KIT KAT Dragon, and great tasting and convenient additions to the HARVEST GOURMET range, such as the new Puff Pastries. The quarter saw also the relaunch of NESTLÉ ENERCAL COMPLETE, a holistic nutritional solution developed to meet the nutritional requirements of adults to support their healthy aging requirements, as well as the introduction of MAGGI IN MY MUG, a new convenient option to enjoy Maggi Noodles at any time of the day with a more convenient and environmentally efficient packaging solution that has seen great early acceptance amongst Malaysians. Profit Before Tax and Profit After Tax for Q1 2024 remained resilient at
Mr. Aranols added, “Beyond financial resilience, we continued to make significant strides in our Environmental, Social and Governance (ESG) agenda, with all our existing programmes continuing to make progress. An important milestone was the official launch of our biomass boiler in our
“During the quarter, we continued to care for societal needs with substantive efforts mobilised again to support specific communities, with initiatives such as providing school essentials to 2,600 primary school students across the country; or the multiple food donations funded by our different brands. We were also very honoured to collaborate with multiple entities throughout the Holy month of
Prospects Mr. Aranols commented, "While still early in the year, we can see that 2024 is shaping to be a rather challenging year with pressure on short term growth derived from the lingering effect of inflation and foreign exchange volatility on Malaysians’ purchasing power, as well as heightened competition. We will remain fully focused, as we have done through our 112 years of presence in the nation, to meet the needs and expectations of Malaysians, while being a responsible and proactive partner to bring positive societal change at multiple levels contributing to fulfil our mission of enhancing the quality of life and the transition to a more sustainable future for the benefit of all Malaysians.” About Nestlé
Nestlé is the world’s largest food and beverage manufacturer. Headquartered in
[Category: Food, Specialty Retail,
Source: Nestlé
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