Financials Nestlé S.A.

Equities

Market Closed - Swiss Exchange Other stock markets 11:31:27 2025-06-20 am EDT			5-day change	1st Jan Change
81.54 ^CHF	-1.16%		-3.22%	+8.89%

Jun. 19	Swiss Stocks Extend Losses Amid Rate Decisions	MT
Jun. 19	Global markets live: Microsoft, Gilead Sciences, Ford Motor, Vodafone, UBS…

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	84,343	87,088	94,424	92,998	91,354	90,977	93,583	96,943
Change	-	3.25%	8.42%	-1.51%	-1.77%	-0.41%	2.86%	3.59%
EBITDA ¹	18,368	18,559	19,644	19,511	19,286	18,147	19,156	20,247
Change	-	1.04%	5.85%	-0.68%	-1.15%	-5.91%	5.56%	5.69%
EBIT ¹	14,903	15,119	16,103	16,053	15,704	14,597	15,427	16,346
Change	-	1.45%	6.51%	-0.31%	-2.17%	-7.05%	5.68%	5.96%
Interest Paid ¹	-874	-873	-1,040	-1,360	-1,485	-1,693	-1,720	-1,627
Earnings before Tax (EBT) ¹	13,922	10,806	11,286	12,703	13,239	12,490	13,474	14,726
Change	-	-22.38%	4.44%	12.56%	4.22%	-5.66%	7.88%	9.29%
Net income ¹	12,232	16,905	9,270	11,209	10,884	10,317	11,110	11,909
Change	-	38.2%	-45.16%	20.92%	-2.9%	-5.21%	7.69%	7.2%
Announcement Date	2/18/21	2/17/22	2/16/23	2/22/24	2/13/25	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	20,812	20,340	20,760	22,431	21,089	20,666	21,539	23,794	22,238	23,342	23,552	25,292	23,470	22,823	22,536	24,169	22,092	22,953	22,103	24,206	22,601
Change	-	-2.27%	2.06%	8.05%	-5.98%	-2.01%	4.22%	10.47%	-6.54%	4.96%	0.9%	7.39%	-7.2%	-2.76%	-1.26%	7.25%	-8.59%	3.9%	-3.7%	9.51%	-6.63%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	4/24/20	7/30/20	10/21/20	2/18/21	4/22/21	7/29/21	10/20/21	2/17/22	4/21/22	7/28/22	10/19/22	2/16/23	4/25/23	7/27/23	10/19/23	2/22/24	4/25/24	7/25/24	10/17/24	2/13/25	4/24/25

¹CHF in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	43,191	41,755	45,333	45,580	48,844	46,293	46,705	45,045	46,309	44,376	46,596
Change	-	-3.32%	8.57%	0.54%	7.16%	-5.22%	0.89%	-3.55%	2.81%	-4.18%	5%
EBITDA ¹	9,504	8,922	9,637	9,439	10,205	9,626	9,885	9,606	9,680	8,911	9,182
Change	-	-6.12%	8.01%	-2.05%	8.12%	-5.67%	2.69%	-2.82%	0.77%	-7.94%	3.04%
EBIT ¹	7,747	7,251	7,868	7,683	8,420	7,904	8,149	7,841	7,863	7,168	7,387
Change	-	-6.4%	8.51%	-2.35%	9.59%	-6.13%	3.1%	-3.78%	0.28%	-8.84%	3.06%
Charge d'intérêts ¹	-427	-416	-457	-434	-606	-697	-663	-744	-741	-884.5	-928
Earnings before Tax (EBT)	6,536	6,450	-	-	-	6,565	6,138	6,707	6,532	-	-
Change	-	-1.32%	-	-	-	-	-6.5%	9.27%	-2.61%	-	-
Net income	6,349	5,945	-	-	-	5,600	5,560	5,644	5,240	-	-
Change	-	-6.36%	-	-	-	-	-0.71%	1.51%	-7.16%	-	-
Announcement Date	2/18/21	7/29/21	2/17/22	7/28/22	2/16/23	7/27/23	2/22/24	7/25/24	2/13/25	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	31,338	32,579	47,625	49,390	56,005	55,153	53,795	52,123
Change	-	3.96%	46.18%	3.71%	13.39%	-1.52%	-2.46%	-3.11%
Announcement Date	2/18/21	2/17/22	2/16/23	2/22/24	2/13/25	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	4,364	5,341	5,095	5,714	5,963	5,063	5,012	5,108
Change	-	22.39%	-4.61%	12.15%	4.36%	-15.1%	-1%	1.9%
Free Cash Flow (FCF) ¹	10,013	8,523	6,570	10,403	10,666	9,421	10,221	11,078
Change	-	-14.88%	-22.91%	58.34%	2.53%	-11.68%	8.49%	8.38%
Announcement Date	2/18/21	2/17/22	2/16/23	2/22/24	2/13/25	-	-	-

¹CHF in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	21.78%	21.31%	20.8%	20.98%	21.11%	19.95%	20.47%	20.89%
EBIT Margin (%)	17.67%	17.36%	17.05%	17.26%	17.19%	16.04%	16.48%	16.86%
EBT Margin (%)	16.51%	12.41%	11.95%	13.66%	14.49%	13.73%	14.4%	15.19%
Net margin (%)	14.5%	19.41%	9.82%	12.05%	11.91%	11.34%	11.87%	12.28%
FCF margin (%)	11.87%	9.79%	6.96%	11.19%	11.68%	10.35%	10.92%	11.43%
FCF / Net Income (%)	81.86%	50.42%	70.87%	92.81%	98%	91.31%	92%	93.02%
Profitability
ROA	9.71%	12.85%	6.76%	9.71%	8.19%	7.8%	8.11%	8.5%
ROE	25.03%	34.21%	19.49%	28.84%	30.38%	29.82%	29.53%	29.42%
Financial Health
Leverage (Debt/EBITDA)	1.71x	1.76x	2.42x	2.53x	2.9x	3.04x	2.81x	2.57x
Debt / Free cash flow	3.13x	3.82x	7.25x	4.75x	5.25x	5.85x	5.26x	4.71x
Capital Intensity
CAPEX / Current Assets (%)	5.17%	6.13%	5.4%	6.14%	6.53%	5.56%	5.36%	5.27%
CAPEX / EBITDA (%)	23.76%	28.78%	25.94%	29.29%	30.92%	27.9%	26.17%	25.23%
CAPEX / FCF (%)	43.58%	62.67%	77.55%	54.93%	55.91%	53.74%	49.04%	46.11%
Items per share
Cash flow per share ¹	5.046	4.967	4.395	6.025	6.423	5.287	5.763	6.023
Change	-	-1.56%	-11.52%	37.07%	6.62%	-17.69%	9.01%	4.51%
Dividend per Share ¹	2.75	2.8	2.95	3	3.05	3.063	3.156	3.264
Change	-	1.82%	5.36%	1.69%	1.67%	0.44%	3.02%	3.43%
Book Value Per Share ¹	16.22	19.26	15.21	13.15	13.96	14.88	15.89	17.1
Change	-	18.69%	-21%	-13.58%	6.19%	6.57%	6.8%	7.61%
EPS ¹	4.29	6.06	3.42	4.23	4.19	4.01	4.329	4.642
Change	-	41.26%	-43.56%	23.68%	-0.95%	-4.3%	7.97%	7.21%
Nbr of stocks (in thousands)	2,785,049	2,750,456	2,759,592	2,588,141	2,571,306	2,572,715	2,572,715	2,572,715
Announcement Date	2/18/21	2/17/22	2/16/23	2/22/24	2/13/25	-	-	-