Corporate Profiles - 2022 - 98

COMPANY OVERVIEW
Nestle SA
I
Company invests more in personal health portfolio, sustainability
Nestle launched a series of sustainability inimproving
health outcomes for consumers
is a focus for Nestle SA. The Vevey, Switzerland-based
company continues to bolster its
Health Science division through acquisitions.
After adding vitamins, functional hydration
products and more in 2021, the company in
February acquired a majority stake in Orgain,
a plant-based nutrition company offering powders,
ready-to-drink beverages and nutrition
bars.
Nestle also acquired Vital Proteins, a maker
of collagen-based food and beverage products.
It first acquired a majority stake in Vital Proteins
in June 2020, and over the past two years
the business has shown " incredible growth, "
said Greg Behar, chief executive officer of Nestle
Health Science.
" We have worked to expand the brand geographically,
scale up R&D and innovate on new
products, " he said. " More people around the
world are becoming aware of how collagen can
be incorporated into their wellness journeys. "
Other additions to the Health Science division
include the acquisitions of Puravida, a
Brazilian nutrition brand offering protein powders
and snacks, and The Better Health Co.,
parent company of the New Zealand-based
supplements brand GO Health.
tiatives in 2022, including a new cocoa farming
plan aimed at addressing child labor risks.
This summer the company unveiled the
Nestle Institute of Agricultural Science in Switzerland.
The institute will focus on plant science,
dairy livestock and agricultural systems
science, with the goal of developing sustainable
solutions that can be scaled across Nestle's
supply chain.
Nestle also committed to investing more
than 1 billion Swiss francs in its Nescafe Plan
2030, which aims to promote regenerative
growing practices and reduce greenhouse gas
emissions across the company's coffee business.
In the second quarter, Nespresso obtained
global certification as a B Corp.
The Nescafe Plan is part of Nestle's broader
goal to accelerate regenerative agriculture,
halve its emissions by 2030 and achieve net
zero emissions by 2050.
" With our long-standing partnerships with
farming communities globally, we want to increase
our support for farming practices that
are good for the environment and good for people, "
said Ulf Mark Schneider, CEO at Nestle. " In
the spirit of enabling a just transition it is vital
that we support farmers around the world that
take on the risks and costs associated with the
move toward regenerative agriculture. "
Innovation in plant-based meat and dairy is
core to Nestle's sustainability agenda as well as
to its portfolio strategy. In addition to expanding
its range of plant-based offerings, the company
partnered with food technology startup
Perfect Day to develop an animal-free dairy
product. The product will launch as a test-andlearn
trial at the end of 2022.
Strength in the Purina PetCare business and
out-of-home coffee channels powered Nestle to
an 8.5% sales increase in the first nine months
of the year. Total reported sales were 69.1
billion Swiss francs ($69 billion), compared
with 63.3 billion Swiss francs in the first nine
months of the previous year.
Demand for healthy aging products drove
a 4.5% sales increase for the Health Science
division, with net acquisitions increasing sales
by 42.5%. CP
Chief executive officer -
Ulf Mark Schneider
Nestle SA net profit
Nestle SA net sales
Nestle SA share price
in Swiss francs
12,609
12,232
16,905
92,568
2019
2020
2021
84,343
87,088
100
110
120
130
140
2019
2020
2021
Oct. Dec.
2021
Feb.
2022
April
June
Aug.
Oct.
98 \ November 2022
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Corporate Profiles
in millions of Swiss francs
in millions of Swiss francs

Corporate Profiles - 2022

Table of Contents for the Digital Edition of Corporate Profiles - 2022