KEY HIGHLIGHTS
- Turnover for the quarter under review improved by 4.2% to RM1.43 billion.
- Strong performance was driven by higher domestic sales and export sales, which grew by 4.4% and 3.4% respectively.
- Operating Profit increased by 1.3% to RM303 million and Profit Before Tax came in at RM295 million, a 1.3% increase.
Nestlé (Malaysia) Berhad kicked off its financial year on a high note, recording improved top and bottom line results for its first quarter ended 31 March 2018.
Review of Performance: Quarter 1, 2018 vs Quarter 1, 2017
Turnover for the quarter under review improved to RM1.43 billion, a 4.2% increase compared with the previous year’s corresponding quarter. This was driven by strong domestic and export sales.
According to Mr. Alois Hofbauer, Chief Executive Officer of Nestlé (Malaysia) Berhad, “We are pleased to announce that we continue to accelerate our growth during the quarter under review. Our excellent pace was largely due to our ongoing FIT strategy, which is underpinned by the three pillars of ‘Fuel to Grow’, ‘Innovate to Grow’ and
‘Transform to Grow’. This highly-effective FIT strategy contributed to the Group’s
sustainable growth, allowing us to improve efficiencies and strengthen productivity.”
“Our solid investments in marketing and promotional initiatives led to increased sales. In tandem with this, innovation remains one of the Group’s key growth drivers and we are delighted to have excited Malaysians with even more innovative and great-tasting products during the quarter under review,” he said.
The Group’s positive results were also bolstered by strategic marketing and promotional activities during the Chinese New Year period in the quarter under review. Operating Profit increased by 1.3% to RM303 million and Profit Before Tax came in at RM295 million, a 1.3% increase. The improved Turnover also compensated for the less favourable commodity prices and higher marketing investments during the Chinese New Year period.
Prospects
Mr. Hofbauer said, “We are pleased to have kicked off our financial year on such a promising note. Beyond delivering better financial results, we are firmly committed to Nestlé’s purpose of enhancing quality of life and contributing to a healthier future for all Malaysians. Our Company has nurtured generations of Malaysians for over 100 years. We certainly plan to grow and develop alongside this beautiful nation for the next 100 years and beyond. In line with this, we aim to continue nourishing Malaysians with healthier and tastier options, coupled with various initiatives and activities to encourage more active lifestyles.”
“While the year ahead is expected to remain challenging, we are confident that our long-term FIT strategy, solid brand portfolio, highly-talented people and continuous focus on innovation will continue to contribute to our Company’s sustainable and profitable growth,” concluded Mr. Hofbauer.
About Nestlé Malaysia
Nestlé is the world’s largest food and beverage manufacturer. Headquartered in Switzerland, Nestlé is present in 189 countries around the world, and our 328,000 employees are committed to Nestlé’s purpose of enhancing quality of life and contributing to a healthier future. Our performance is driven by our Nutrition, Health and Wellness strategy. Since 1912, we have been nourishing Malaysians through our quality brands and products, whilst maintaining our Halal excellence and integrity. This is in line with our promise of delivering GOOD FOOD, GOOD LIFE to all. To learn more about how we have been nourishing Malaysians for over a century, do visit www.nestle.com.my or our Facebook page at http://www.facebook.com/NestleMalaysia
For more information, please contact:
Maxine Lim
Nestlé (Malaysia) Berhad
Tel: (+603) 7965 6650
Email: [email protected]
Joanne Lim or Yasmin Kadir
acorn communications
Tel: (+603) 7958 8348
Email: [email protected]
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