By channel, organic growth in retail sales remained robust at 8.0%. E-commerce sales grew by 13.5%, reaching 16.7% of total Group sales. Organic growth of out-of-home channels was 17.1%.
Nestlé reports half-year results for 2023
· Organic growth reached 8.7%, with pricing of 9.5% and real internal growth (RIG) of -0.8%. Growth was broad-based across geographies and categories.
· Total reported sales increased by 1.6% to CHF 46.3 billion (6M-2022: CHF 45.6 billion). Foreign exchange decreased sales by 6.7%. Net acquisitions had a negative impact of 0.4%.
· The underlying trading operating profit (UTOP) margin was 17.1%, up 20 basis points on a reported basis and 30 basis points in constant currency. The trading operating profit (TOP) margin increased by 120 basis points to 15.9% on a reported basis, reflecting one-off items in the prior year.
· Underlying earnings per share increased by 11.1% in constant currency and increased by 4.1% on a reported basis to CHF 2.43. Earnings per share increased by 10.6% to CHF 2.13 on a reported basis.
· Free cash flow increased by CHF 1.9 billion to CHF 3.4 billion, mainly reflecting lower inventory levels.
· Full-year 2023 outlook updated: we are increasing organic sales growth guidance to a range of 7% to 8%. The underlying trading operating profit margin is expected to be between 17.0% and 17.5%. Underlying earnings per share in constant currency is expected to increase between 6% and 10%.
Mark Schneider, Nestlé CEO, commented: "We pursued our strategic priorities with discipline and focus in a fast-evolving consumer environment. Based on the strong performance in the first half of the year we upgrade our organic sales growth outlook for 2023. At-home consumption post-COVID has now normalized, removing a growth drag on some of our categories. Out-of-home channels continue to see strong growth momentum.
For the remainder of the year, we are confident that we will deliver a positive combination of volume and mix, an improvement in gross margin and a significant increase in marketing investments. Combined with ongoing portfolio management and optimization as well as the continued implementation of our sustainability initiatives, we are well-positioned to grow and to generate value for our stakeholders."
https://www.linkedin.com/jobs/search/?currentjobid=3670338578&keywords=thg&refresh=true&start=25
job description
header:
job title:
asset manager
department:
media services (tbc)
location:
hackney, london
reports to:
head of media services – sigrid l****n (tbc)
It’s true, we’ve bought one of the UK’s larger newspapers, CityAM. All media, from Instagram to Vogue, are middlemen between consumers and brands. Content brings consumers, and brands pay to get in front of them.
THG spends over £200m a year on speaking to consumers. We spend huge sums on media, but we’re also a vast producer of content ourselves. Both Myprotein and LOOKFANTASTIC.COM produce their own magazines, with ABC circulations of c550k per edition - huge audiences by any standard, dwarfing most magazines & newspapers.
CityAM has a monthly reach of 2m people, and a print circulation of 250k a week. It generates c£5m of ad tech revenues, but has recently been loss making. THG’s existing media infrastructure brings c£1m pa of synergies, returning it to profit. More importantly, THG Ingenuity immediately solves an underinvested digital offering. The Lifestyle and Sports content complements our content for huge global audiences in our Beauty and Nutrition apps, and THG Ingenuity can benefit from market leading relationships at CityAM.
In fact, CityAM is a rare breed, having spent decades cheerleading both the UK and businesses alike. Years ago, newspapers worked closely with businesses to understand the UK market and whip up public support for UK policies. This helped drive UK competitiveness on a global stage. But that model is long gone.
Maybe Twitter played a part, a platform where wild controversy and views can be aired without the same media regulation, dragging huge audiences away from traditional media. Add TikTok and Meta into the mix and competition to attract eyeballs is a crowded space. Traditional media has had to adapt to stay relevant, and no doubt has shifted closer to the Twitter model than many will admit. After all, audience numbers are what matter in driving ad revenues.
The fact that most of Britain’s media is foreign owned can’t be ideal. Almost all the press have long abandoned their LSE listings. Even the Financial Times recently raised the white flag, left the LSE, and sold itself to the Japanese.
So, while THG is mostly interested in building ad tech reach with CityAM, it has to be a good thing that one of the UK’s most influential business papers remains in UK ownership.
Like with all our other media assets, neither I nor the Board will be driving editorial content, there are far more talented people out there to do this. But there's a clear gap in the UK business media, one that supports and appreciates UK business, and is keen to see the UK improve our global competitiveness. CityAM, THG, and our partners, will now step up further to fill this gap, loud and clear.
And so, supported by unswerving investment from THG, there will be just one rule for the future editorial direction of CityAM:
"Where possible, be a cheerleader for both the UK and businesses alike, and don't get dragged over to the dark side."
Watch this space....
Https://www.nytimes.com/2021/04/10/business/newspaper-billionaire-owners.html
A good read and may explain what MM has seen and can be exploited
https://wpvip.com/case-studies/how-city-a-m-found-its-digital-voice/
Cityam.com has around 3.2 million unique visitors per month primarily based in London and across the UK. We also have a strong international audience, with strong traffic sources from the United States and India.
Reckitt B half year
Nutrition LFL net revenue growth of +5.3%. Continued strong market share in North America and mid-single digit growth in LATAM, against the lapping of tough prior year comparatives due to the US competitor supply issue.
More lipstick being bought!!
https://www.forexlive.com/news/uk-june-retail-sales-07-vs-02-mm-expected-20230721/
Massive oppurtunity in India
Population 1.4 Billion
https://www.myprotein.co.in/keventers.list
Myprotein launches new products and broadens flavour breadth in India
Thursday, 20 July, 2023, 08 : 00 AM [IST]
Our Bureau, Mumbai
Myprotein, the world’s No. 1 online sports nutrition brand, has announced the launch of three new products for its Indian consumers. Targeting the nutrition needs of the subcontinent, the new products sit under the Clear Whey, Pre-workout, and Keventers verticals, and will allow the fitness community in India to achieve their personal goals while enjoying a breadth of new flavours.
Committed to the nutrition needs of the Indian consumer, the three new additions will enable fitness enthusiasts the ability to supplement their energy, nutrient & workout demands. Through the Pre-workout & Clear Whey product range, consumers will have the opportunity to revitalise their energy 30-60 minutes before a workout, and supplement/support the growth and maintenance of their muscle development respectively.
Additionally, ensuring the taste profiles of each consumer are met, the low-sugar Clear Whey, which delivers an impressive 20g of protein per serving, will also be made available in flavours such as Pineapple, Blood Orange, Mango, Coconut, Cranberry Raspberry & Peach tea. Similarly, The Keventers butterscotch flavour will also be launched and made available for Indian consumers, making it a protein-rich butterscotch alternative for fitness enthusiasts.
The exciting flavours will be reaching Indian shores in the next few weeks, following clearance from the APHA and FSSAI.
Speaking about the development, Sudeshna Saha, regional manager, Myprotein India, said, “We are particularly thrilled to introduce these new products to our Indian consumers, catering specifically to their nutrition needs and flavour preferences. With the launch of Clear Whey, Pre-workout, and the exciting addition of the Keventers Butterscotch flavour, we aim to empower the fitness community in India to align their goals and achieve optimal results while enjoying a range of delicious flavours. We are committed to providing high-quality supplements that support energy, nutrient, and muscle demands, helping individuals on their fitness journey. With health certificate clearance from the APHA & FSSAI in place, the products will be available to Indian consumers soon.“
Telegraph Today
Suppose Thg Beauty is the same
https://digitaleditions.telegraph.co.uk/data/1401/reader/reader.html?#!preferred/0/package/1401/pub/1401/page/106/article/NaN
More Sector News
Ocado half year,particulaly interesting re robotic warehouse tech
https://www.londonstockexchange.com/news-article/OCDO/half-year-report/16044593
Https://www.londonstockexchange.com/news-article/REVB/settlement-agreement-with-boohoo/16044592
From the link it take you to Stockx
https://en.m.wikipedia.org/wiki/StockX