0838 GMT - Nestle's full-year results look reassuring, but the company still faces credibility questions on its outlook, Jefferies analysts say in a note. Fourth-quarter performance of the Swiss maker of KitKat chocolate bars and Nescafe coffee was better than expected, Jefferies says. The company confirmed it expects 2025 organic sales growth to improve from last year's levels with an underlying trading operating profit margin of 16% of more. This is reassuring for those like Jefferies, who expected a roll-back on the company's 2025 profitability target and a flat dividend, the analysts say. Nevertheless, Nestle's commitment to 2025 organic sales growth is soft, with indications that volume growth will be lower than 1.4% with pricing making up for the shortfall, according to Jefferies. Shares jump 6.1%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 13, 2025 03:39 ET (08:39 GMT)
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