Kepler Cheuvreux's Cox Thinks 2H Will Be Good for Nestle

The transcript discusses Nestle's Q1 performance, highlighting the calendar impact on growth figures and the company's ability to maintain pricing power despite inflation. It also covers Nestle's strategic rethink under new leadership, focusing on health and nutrition, and potential M&A activities. The discussion includes expectations for improved performance in the second half of the year.

What was the reported organic sales growth for Nestle in Q1, and how did it compare to expectations?

• 3%, worse than expected

• 1.5%, as expected

• 4%, worse than expected

• 2.3%, better than expected

What is the expected impact of the calendar on Nestle's Q2 performance?

• No impact expected

• Positive impact as the calendar effects reverse

• Uncertain impact due to market volatility

• Negative impact due to fewer holidays

How does rising inflation generally affect consumer goods companies?

• It causes a decrease in demand

• It has no impact on their pricing

• It allows them to increase prices, which tend to remain high

• It forces them to lower prices

What is the new leadership's approach to Nestle's business portfolio?

• Major overhaul of the entire portfolio

• Gradual changes with a focus on health and nutrition

• Complete exit from the food and beverage sector

• Focus on maintaining the status quo

What is the reputation of the new leader at Nestle based on his previous role?

• Focusing solely on cost-cutting

• Maintaining consistent performance

• Under promising and over delivering

• Over promising and under delivering