Nestlé’s offices at Citywest Business Campus. The food and beverage giant reported continued sales growth after removing its Russian business from group accounts
Nestlé maintains growth momentum after Russia exit
NESTLÉ, with Irish offices in Citywest, removed Russian assets and reported a four per cent organic sales growth for the third quarter of the year.
The global food manufacturer with an address at Citywest Business Campus has confirmed that its business in Russia is “no longer consolidated”, per their report on the third quarter of the year, and noted “positive” growth in markets, with a total reported sales figure of CHF 22.8 billion – approximately €24.7bn when converted.
Business in Russia reached an effective end dated in September 2026 following a period of it placed under temporary external administration.
However, this is noted to have had no impact on sales figures for Q3 or the nine-month chart, and a limited financial impact on underlying numbers, and Nestlé CEO Philipp Navratil noted the importance of focusing the company’s portfolio towards its “strongest advantages.”
The Chief Executive said: “Our execution is driving stronger growth. RIG was positive across all zones and globally managed businesses and reached 2.8 per cent in the third quarter, continuing the performance improvement of recent quarters.
“The agreement to divest our mainstream vitamins, minerals and supplements business marks another important step in focusing our portfolio where we have the strongest competitive advantage.
“Against a challenging external backdrop, our focus remains on delivering value, consistently executing with discipline and driving sustainable RIG-led growth across the business.”
The Americas zone stood out as the strongest market in the quarter, with sales worth CHF 28.7bn, while the Asia, Oceania and Africa markets combined for the best organic growth with five per cent.
The strong performance across the globe was led by the product category of petcare and food & snacks, with an orgnic growth of 5.3 per cent in the quarter.
The company expect organic growth for the year to come between three and four per cent, and to post an improved underlying trading operating profit margin on 2025, with a free cash flow of over CHF 9bn.
