Business description: Nestlé S.A.

Nestlé S.A. is the world's leading agri-food group. Net sales break down by category of products as follows:

- powdered and liquid beverages (28.1%): soluble coffees (Nescafé and Starbucks brands), coffee in capsules (Nespresso), chocolate drinks (Nesquik, Milo, etc.), tea drinks (Nestea), etc.;

- pet food (20.6%): brands such as Purina, Friskies, Felix, etc.;

- pharmaceutical, nutrition and well-being products (16%): nutritional supplements (Resource, Boost, Nutren, Optifast, Peptamen brands, etc.), infant and maternal nutrition products (NAN, illuma, Cerelac, Nido, Gerber), ketogenic beverages (BrainXpert), (Nesquick, Fitness, Cheerios, Lion, etc.), etc.;

- ready meals and seasoning products (11.3%): frozen and chilled dishes (Lean Cuisine, Hot Pockets and Stouffer's brands), soups (Maggi), etc.;

- dairy products and ice cream (10.8%): powdered milk, sweetened condensed milk, yoghurt and cream desserts, ice cream (Nido, Nesvita, Carnation, La Laitière, Coffee Mate, Nestlé Ice Cream, Dreyers, Häagen-Dazs, Extrême brands, etc.);

- chocolates, sweets and biscuits (9.7%): Kit Kat, Smarties, Cailler, Terrafertil, etc. brands;

- bottled waters (3.5%): Nestlé Pure Life, Vittel, Perrier, S. Pellegrino, etc. brands.

Net sales are distributed geographically as follows: Switzerland (1.1%), the United Kingdom (4%), France (3.8%), Germany (2.1%), Europe (14.1%), the United States (32%), Brazil (4.5%), Mexico (4%), Americas (7.6%), China (5.4%), Asia/Oceania/Africa (21.4%).

Number of employees: 2,71,000

Sales by Activity: Nestlé S.A.

Fiscal Period: December 2021 (CHF) 2022 (CHF) 2023 (CHF) 2024 (CHF) 2025 (CHF)

Zone Americas (AMS)

3.38TCr - - - 3.45TCr

Zone Asia, Oceania and Africa (AOA) - Including Middle East and North Africa (MENA)

- 1.85TCr 1.75TCr 1.68TCr 2.06TCr

Zone Europe (EUR)

- 1.91TCr 1.91TCr 1.89TCr 1.76TCr

Zone Latin America (LATAM)

- 1.18TCr 1.22TCr 1.19TCr -

Zone North America (NA)

- 2.63TCr 2.6TCr 2.53TCr -

Zone Greater China (GC)

- 535.1Cr 503.7Cr 497.3Cr -

Zone Asia, Oceania and Sub-Saharan Africa (AOA)

2.07TCr - - - -

Zone Europe, Middle East and North Africa (EMENA)

2.11TCr - - - -

Nestlé Health Science

482.2Cr 660.2Cr 649.8Cr 673.9Cr 655.1Cr

Other businesses

21Cr 26Cr 28Cr 29Cr 29Cr

Nespresso

641.8Cr 644.8Cr 637.2Cr 637.8Cr 648.1Cr

Nestlé Waters & Premium Beverages (NW&PB)

- - - - 354.8Cr

Geographical breakdown of sales: Nestlé S.A.

Fiscal Period: December 2021 (CHF) 2022 (CHF) 2023 (CHF) 2024 (CHF) 2025 (CHF)

United States

2.63TCr 3.03TCr 3TCr 2.97TCr 2.86TCr

Other Asia, Oceania and Africa

914.4Cr 1.48TCr 1.38TCr 1.3TCr 1.45TCr

Other Europe

- 1.19TCr 1.19TCr 1.2TCr 1.26TCr

Other Americas

456.2Cr - - - 679.4Cr

Greater China

555.8Cr 584.3Cr 552.4Cr 543.2Cr 487.6Cr

Brazil

292.5Cr 375.6Cr 413.1Cr 404Cr 398.3Cr

United Kingdom

340.5Cr 340.9Cr 352.9Cr 361.7Cr 359.8Cr

Mexico

296.2Cr 345.7Cr 393.7Cr 383.9Cr 357.6Cr

France

380.4Cr 355.8Cr 354.6Cr 343.7Cr 339.8Cr

Philippines

265.6Cr 266.7Cr 267.7Cr 267.4Cr 260.8Cr

India

173.7Cr 196Cr 199.3Cr 201.3Cr 200.7Cr

Germany

244.2Cr 231.6Cr 221.2Cr 200.8Cr 192.1Cr

Switzerland

113.7Cr 110.9Cr 110.1Cr 106.2Cr 102Cr

Chile

- 130.2Cr 131.2Cr 113.7Cr -

Rest of Latin America

- 380.8Cr 338Cr 351.7Cr -

Rest of Europe, Middle East and North Africa (EMENA)

1.02TCr - - - -

Russia

171.9Cr - - - -

Australia

148.4Cr 151Cr 145Cr 146.9Cr -

Canada

237.6Cr 268.6Cr 251.9Cr 244.1Cr -

Spain

149.2Cr - - - -

Japan

162.7Cr - - - -

Italy

162.5Cr - - - -

Executive Committee: Nestlé S.A.

Manager TitleAgeSince
Chief Executive Officer - 01/09/2025
Director of Finance/CFO 53 01/03/2024
Chief Tech/Sci/R&D Officer - 01/01/2025
Chief Tech/Sci/R&D Officer 57 01/01/2018
Chief Operating Officer 54 01/01/2024

Composition of the Board of Directors: Nestlé S.A.

Director TitleAgeSince
Chairman 79 01/04/2005
Director/Board Member 72 16/04/2015
Director/Board Member 71 16/04/2015
Director/Board Member 68 11/04/2019
Director/Board Member 69 11/04/2019
Director/Board Member 66 23/04/2020
Director/Board Member 63 15/04/2021
Director/Board Member 63 07/04/2022
Director/Board Member 59 07/04/2022
Director/Board Member 62 20/04/2023

Shareholders: Nestlé S.A.

NameEquities%Valuation
Norges Bank Investment Management
3.057 %
7,87,75,010 3.057 % 7 963 M CHF
1.835 %
4,72,84,961 1.835 % 4 780 M CHF
Sjunde AP-fonden
0.1466 %
37,78,361 0.1466 % 382 M CHF
Goldman Sachs Asset Management International
0.1285 %
33,11,557 0.1285 % 335 M CHF
DWS CH AG
0.1128 %
29,05,468 0.1128 % 294 M CHF
NameEquities%Valuation
Gardner Russo & Quinn LLC
0.2128 %
54,81,714 0.2128 % 543 M CHF
Douglas Lane & Associates LLC
0.039 %
10,04,362 0.039 % 100 M CHF
John W. Bristol & Co., Inc.
0.0388 %
9,98,417 0.0388 % 99 M CHF
Douglass Winthrop Advisors LLC
0.0332 %
8,54,265 0.0332 % 85 M CHF
First Manhattan Co. LLC
0.0282 %
7,27,782 0.0282 % 72 M CHF
NameEquities%Valuation
Andbank Asset Management Luxembourg SA
-
5,518 - 447 022 CHF
Merchant West Investments (Pty) Ltd.
-
1,000 - 81 012 CHF

Holdings: Nestlé S.A.

NameEquities%Valuation
10,76,21,021 20.16% 46 212 M $
1,21,03,01,580 62.76% 18 589 M $
4,72,84,961 1.84% 4 780 M $
17,02,76,563 72.61% 4 648 M $
56,12,80,306 70.81% 1 265 M $
38,16,794 4.77% 18 M $
5,60,42,948 5.25% 7 M $

Company details: Nestlé S.A.

Nestlé SA

Avenue Nestlé 55

1800, Vevey

+41 21 924 1111

http://www.nestle.com
address Nestlé S.A.(NESN)

Group companies: Nestlé S.A.

NameCategory and Sector
Food: Major Diversified
Finance/Rental/Leasing
Finance/Rental/Leasing
Food: Major Diversified
Food: Major Diversified

Other Food Processing

Change 5d. change 1-year change 3-years change Capi.($)
+1.55%+0.77%-9.84%-32.03% 26TCr
-0.87%-1.80%-7.22%-22.24% 7.76TCr
-1.00%-2.48%-16.68%+3.62% 4.56TCr
-1.24%+3.53%+64.55%+5.71% 3.87TCr
-1.00%+0.56%+14.23%-30.87% 3.79TCr
-4.93%+4.75%+59.28%+106.87% 3.18TCr
-2.01%-3.50%+19.29%+31.34% 2.87TCr
-1.67%-4.34%-16.62%-42.94% 2.72TCr
-0.58%-1.99%+53.02%+33.11% 2.38TCr
-1.25%-3.26%-12.11%-35.15% 2.2TCr
Average -1.30%-0.43%+14.79%+1.74% 5.88TCr
Weighted average by Cap. -0.18%+0.18%+3.72%-12.82%
Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
78.07CHF
Average target price
87.87CHF
Spread / Average Target
+12.56%

Quarterly revenue - Rate of surprise