KEY HIGHLIGHTS – FINANCIAL YEAR ENDED 31ST DECEMBER 2011
- Full year results show a good top and bottom line growth as Nestlé celebrates its centenary in Malaysia.
- Turnover stood at RM 4.7 billion – 16.8% higher than the previous corresponding period, driven by strong sales performance in both domestic and exports.
- Profit before tax reached RM 558.8 million, reflecting a 30bps margin improvement, while Net Profit stood at RM 456.3 million with an underlying flat margin.
- The Board of Directors has proposed a net final dividend of RM 1.25 per share.
Petaling Jaya, 26 April 2012 – Nestlé (Malaysia) Berhad posted a turnover of RM4.7 billion in 2011 for the Financial Year Ended 31 December 2011, a 16.8% increase over the previous financial year driven by strong performance in both domestic and export sales.
On the domestic front, the focus on fewer but bigger innovations and renovations resulted in a commendable double-digit growth. The launches of exciting products such as NESCAFÉ Dolce Gusto Beverage System, MILO Sejuk, NESTEA Ice Lemon Tea and NESTLÉ CRUNCHY BITE Wafer captured new market segments and helped support the overall growth.
Shipments to ASEAN countries contributed to a significant double-digit growth of the Company’s export business, which represents 25% of total sales.
During the year under review, the Group made strategic investments to meet future higher production demand and this includes a new processing and filling line for Chilled Dairy; a new noodle production line in East Malaysia; a new wafer production line in Chembong; increasing the filling capacity for 3in1 packing lines; installation of a new coffee roaster and increasing the capacity of the KIT KAT lines.
Aimed to reduce waste and improve efficiencies across the value chain, the Group’s ongoing Nestlé Continuous Excellence (NCE) initiative were able to provide some relief against the sharp increase and continued volatility in the prices of key raw materials last year. The net impact of the higher input cost reduced the gross profit margin by 60bps.
From a bottom line perspective, thanks to higher revenues and better absorption of fixed cost, profit margin before tax improved by 30 bps to reach RM 558.8 million, while Net Profit stood at RM 456.3 million with an underlying flat margin.
In view of the commendable performance in 2011, the Board has recommended a final net dividend of RM1.25 per share, giving a total net dividend proposed and declared for the financial year of RM1.80 per share, representing an increase of 9.1% over the previous year.
OUR COMMITMENT TO CREATING SHARED VALUE
Nestlé (Malaysia) Berhad achieved the highest-level rating for the 2011 Creating Shared Value (CSV) report, which accompanies the Group’s Corporate and Financial reports. The report was externally verified by Bureau Veritas Certification for an A+ rating in accordance with the GRI (Global Reporting Initiative) 3.0 standards for the Food Processing Sector.
This is in line with Nestlé global standards, and consistent with the Company's commitment to creating shared value for both the company and society at large.
For more information, please contact:
Ms. Zamira Yasmin Abdul Rahman
Nestlé (Malaysia) Berhad
Tel: (+603) 7965 6212
Ms. Tunku Putri Nur Asma Tunku Jaafar / Ms. Rose Azrin Dahlan
Tel: (+603) 7965 6212