Consolidated Financial Statements of the Nestlé Group 2019 71 Consolidated statement of changes in equity for the year ended December 31, 2019 In millions of CHF Share reserve capital Treasury shares Translation Other reserves Retained earnings Total equity attributable to shareholders of the parent Non-controlling interests Total equity Economic factors have always played a central role in the context of business.

At the end of 2019, Nestlé completed the CHF 20 billion share buyback program initiated in July 2017. Tidy Cats litter had double-digit growth. Organic growth of 3.5%, with real internal growth (RIG) of 2.9% and pricing of 0.6%. In addition, some financial ratios derived from these reports are featured. The role of political factors in the realms of international business has continued to grow stronger. By product category the largest contributions to the Zone's growth came from culinary products, infant nutrition, and Purina PetCare.

Net profit increased by 24.4% to CHF 12.6 billion, and earnings per share increased by 28.0% to CHF 4.30.

It started a new share buyback program of up to CHF 20 billion in January 2020.

Cash flow is expected to remain at around 12% of sales, with working capital trending to zero. People’s taste and styles also vary from society to society and culture to culture.

One year ahead of Nestlé's medium-term plan, the company reached its 2020 profitability target range. Purina PetCare saw strong sales development in e-commerce, premium brands such as Purina Pro Plan and Purina ONE, and veterinary products. Latin America reported mid single-digit organic growth, with positive RIG and pricing. Net acquisitions increased sales by 3.5%, largely related to the acquisition of the Starbucks license.

This was the result of broad based improvements across all businesses.

This is technically feasible and economically viable for PET, but not yet for other types of plastics. For the six months ended 30 June 2020, Nestle SArevenues decreased 9% to SF41.15B. This more than offset the CHF 16.9 billion returned to shareholders through dividends and share buybacks. Coffee had good momentum, helped by strong demand for Starbucks products, which by now have been rolled out in more than 40 countries. Gerber baby food returned to positive growth following innovations in the organic range and healthy snacking.

Vegetarian and plant-based food products posted double-digit growth, supported by the expansion of the Garden Gourmet range with new offerings such as the Incredible Burger and Incredible Mince. Through more than 1600 warehouses the company serves its customers globally. Foreign exchange had a negative impact of 0.4%. endstream endobj 28352 0 obj <>>>/Filter/Standard/Length 128/O(�#���5��{;�Mt�:����4�YS��)/P -1340/R 4/StmF/StdCF/StrF/StdCF/U(�2J�AWQ U3�7 )/V 4>> endobj 28353 0 obj <>/Metadata 605 0 R/OpenAction 28354 0 R/Outlines 28375 0 R/PageLabels 28316 0 R/PageLayout/SinglePage/PageMode/UseOutlines/Pages 28318 0 R/StructTreeRoot 627 0 R/Type/Catalog/ViewerPreferences<>>> endobj 28354 0 obj <> endobj 28355 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/Rotate 0/StructParents 10/TrimBox[0.0 0.0 595.276 737.008]/Type/Page>> endobj 28356 0 obj <>stream Cash flow was strong, while underlying earnings per share and returns to shareholders reached record levels. We are very pleased with the speed of the product rollout and the positive response by consumers. Our Zone AOA saw solid growth despite softness in some categories in China and Pakistan. Economic Events and content by followed authors, * In Millions of CHF (except for per share items).