0811 GMT - Nestle full-year results show the company is on its way back to growth, Vontobel's Jean-Philippe Bertschy says in a note. "Although the environment remains very challenging, we believe that the [2024] results mark a new beginning," the analyst says. The Swiss maker of KitKat chocolate bars and Nescafe coffee slightly exceeded expectations on all key metrics and its cost-savings plan shows it has fuel to fund growth, Bertschy says. New details on the cost-cutting program, with 300 million Swiss francs in savings already achieved and savings of 700 million francs expected by the end of 2025, should reassure investors, he notes. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 03:11 ET (08:11 GMT)
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