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Nestlé plans to increase marketing spend and cut costs to boost growth, aiming for organic growth above 4%.
Nestlé, led by CEO Laurent Freixe, outlined plans to boost growth by increasing marketing spending to 9% of sales by 2025 and cutting costs to save at least 2.5 billion Swiss francs by 2027.
The company also plans to separate its water and premium beverages into a standalone business.
Nestlé forecasts medium-term organic growth above 4% and a trading profit margin of at least 17%.
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Nestlé planea aumentar el gasto en marketing y reducir costos para impulsar el crecimiento, con el objetivo de un crecimiento orgánico superior al 4%.