News, Before It’s News
News, Before It’s News
Nestlé SA
· CH:NESN
July 24th, 2025
David Hancock
Good morning and welcome to Nestlé's Half-year 2025 Results Conference Call. I'm David Hancock, Head of Investor Relations, and I am joined today by Laurent Freixe, CEO; and Anna Manz, CFO. Before we, begin please take careful note of the disclaimer on Page 2 of our presentation. So for the agenda today, after Laurent shares the key messages, Anna will take us through the results in detail, then Laurent will provide an update on our strategic progress. We will then open up for Q&A. And with that, I will now hand over to Laurent.
Laurent Freixe
Thank you, David, and good morning to all. We delivered a good performance in the first half of 2025, in a difficult environment. Thanks to the focus of our teams, we are continuing to execute our strategy and transform our business. Our growth foundations are improving and we are beginning to see the results. Looking ahead, we have maintained our guidance for 2025 despite increased headwinds. And we remain confident in delivering our medium-term guidance. In the first half, organic growth reached 2.9%. This reflects broad-based sales growth across geographies and categories, with a slight improvement in Q2 compared to Q1.
We delivered a solid UTOP margin, as we increased investment and faced COGS and ForEx headwinds. These results demonstrate our ability to manage short-term dynamics while staying focused on long-term value creation. I will hand over to Anna to take you through the results in detail.
Anna Olive Magdelene Manz
Thanks, Laurent, and good morning. Here are the key takeaways. We delivered broad-based organic growth. As expected, pricing accelerated and RIG slowed...