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FinanceNestlé: Four consecutive quarters of good organic growth, aims to accelerate RIG to at least 2%
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Nestlé held its half-year 2026 earnings call on July 23, 2026. CEO Philipp Navratil reported improving execution driving growth, with four consecutive quarters of good organic growth (OG) and real internal growth (RIG). The company aims to accelerate RIG to at least 2%. Nestlé is sharpening its portfolio, notably through a partnership for its Waters division, focusing on winning in key areas. Cost savings are slightly ahead of plan, freeing resources for reinvestment in growth. CFO Anna Manz provided detailed financial numbers. The call included Q&A with analysts from Goldman Sachs, UBS, Jefferies, Barclays, BofA Securities, BNP Paribas, Deutsche Bank, and JPMorgan.
Source report
July 23, 2026, 3:30 AM EDT
Company Participants
- David Hancock – Head of Investor Relations
- Philipp Navratil – CEO & Member of the Executive Board
- Anna Olive Manz – Executive VP, CFO & Member of Executive Board
Conference Call Participants
- Olivier Nicolai – Goldman Sachs Group, Inc., Research Division
- Guillaume Gerard Delmas – UBS Investment Bank, Research Division
- David Hayes – Jefferies LLC, Research Division
- Warren Ackerman – Barclays Bank PLC, Research Division
- Nicolas Jerome Ceron – BofA Securities, Research Division
- Jeff Stent – BNP Paribas, Research Division
- Tom Sykes – Deutsche Bank AG, Research Division
- Celine Pannuti – JPMorgan Chase & Co, Research Division
Presentation
David Hancock – Head of Investor Relations
Good morning, and welcome to Nestlé's Half Year 2026 Results. I'm David Hancock, Head of Investor Relations, and I'm joined today by Philipp Navratil, CEO; and Anna Manz, CFO.
Before we get started, please take a moment to review the disclaimer on Slide 2. Let me quickly take you through our agenda. We'll start with an overview of the key messages and updates from Philipp before Anna reviews the numbers in more detail. We will then open up the lines for Q&A.
With that, I'll hand over to Philipp.
Philipp Navratil – CEO & Member of the Executive Board
Thanks, David. Good morning, everyone, and thank you for joining us.
Let me start with some key messages:
- First, our execution is improving, and this is driving growth. For the last four quarters, we have delivered good organic growth (OG) and real internal growth (RIG). Now we need to keep delivering consistently and accelerate RIG to at least 2%.
- Second, we are sharpening our portfolio. The partnership for Waters is an important step here. This is about focusing to win.
- Third, efficiency and cash. We are becoming a more efficient company, and we are delivering cost savings slightly ahead of plan. This creates additional resources to reinvest in growth.
Source
All Articles on Seeking AlphaNeutral / independent
Part of this Story
Nestlé S.A. Q2 2026 Earnings Call Transcript