Supply chain disruptions drive up prices of European flexible packaging materials
Contract drying specialist Uelzena launches new plant for the spray drying of infant food components
Nestlé: strong performance of KitKat and seasonal products
The Swiss Nestlé Group has published its figures for the first three months of 2024. Total reported sales were CHF 22.092 bn, a decrease of 5.9% (3M-2023: CHF 23.470 bn).
Foreign exchange decreased sales by 6.7%. Net divestitures had a negative impact of 0.6%, according to the press release. Overall, the Group`s organic sales growth was driven by Europe and the emerging markets, whereas North America had a negative impact on growth.
Organic growth was 1.4%. Pricing was 3.4%, following a high base of comparison in 2023. Real internal growth (RIG) was - 2.0%, impacted by soft consumer demand, particularly in North America, and the temporary supply constraints for vitamins, minerals, and supplements.
In the confectionery business, Nestlé achieved sales of CHF 2.043 bn in the first quarter of 2024 (3M-2023: CHF 2.030 bn), driven by a strong performance of the KitKat brand and seasonal products. Organic growth in this product category was 6.3%. The Group put price adjustments at 5.9% and RIG at 0.4%.
Cabka demonstrates continued leadership in circular economy with 2023 annual report
Throughout 2023, Cabka remained steadfast in its commitment to sustainability, achieving significant milestones, which underscore its leadership in the circularity movement within the Reusable Transport Packaging industry.
In recognition of its commitment to sustainability, Cabka attained "gold" status in the prestigious EcoVadis assessment for the first time in 2023. This underlines Cabka's exceptional performance across various sustainability metrics, elevating the company to be within the top 6% of rated organizations, a leap from the top 25% in just one year.
Moreover, Cabka's engagement with the Carbon Disclosure Program (CDP) underscores its dedication to addressing climate impacts. With a commendable B score, Cabka aligns itself with the overall performance of European companies, demonstrating its proactive stance in combating climate change. Cabka's performance surpasses the sector's average, being an average grade C across the plastic products manufacturing industry.
Gerhard Schubert GmbH: even more training opportunities for customers and employees
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Contract drying specialist Uelzena launches new plant for the spray drying of infant food components