Nestle's organic sales in Bosnia up 19% in 2023

On a global level, Nestle's organic sales increased 7.2% in 2023, whereas the group's European operations booked an 8.2% organic sales growth, Nestle Bosnia and Herzegovina said in a statement last week without disclosing the value of organic sales in the country.

Nestle's global revenues fell 1.5% to 93 billion Swiss francs ($106 billion/97 billion euro) last year, primarily due to a 7.8% decline attributed to exchange rate differences. Additionally, net divestitures contributed to a negative impact of 0.9% on sales.

The group projects organic sales growth of 4% in 2024.

(1 euro = 0.954 Swiss francs)