Financial overview

Nestlé reports its Sales and Results both by Operating Segments as well as by Products.

The content of this section relates to figures in our 2014 Consolidated Financial Statements, published on February 19 2015. Our full year 2014 results presentation (pdf, 1 Mb) gives the key financials for the year as well as the strategic outlook. Our 2014 Consolidated Financial Statements (pdf, 1 Mb) are also available. A full list is on our Publications page.


The Operating segments format represents the Group’s management structure and the way financial information is regularly reviewed by the Executive Board. The operating reportable segments are:

  • Zone Europe (Europe, Middle East and North Africa from 2015)
  • Zone Americas
  • Zone Asia, Oceania and Africa
  • Nestlé Waters
  • Nestlé Nutrition
  • Other

The Group considers the business from both a geographic and product perspective, through three geographic Zones and several Globally Managed Businesses (GMB). Zones and GMB that meet the quantitative threshold of 10% of sales, trading operating profit or assets, are presented on a stand-alone basis as reportable segments. Other business activities and operating segments, including GMB that do not meet the threshold, like Nestlé Professional, Nestlé Nespresso, Nestlé Health Science and the Joint Ventures in the Food and Beverages and Pharmaceutical activities are combined and presented in Other.


The Products format is divided into seven groups, which are:

  • Powdered and Liquid Beverages
  • Water
  • Milk products and Ice Cream
  • Nutrition and Health Science
  • Prepared dishes and cooking aids
  • Confectionery
  • PetCare


2014 consolidated (In millions of CHF)
Sales 91 612
Trading operating profit 14 019
as % of sales 15.3%
Profit for the period attributable to shareholders of the parent
(Net profit)
14 456
as % of sales 15.8%
Equity attributable to shareholders of the parent before proposed appropriations of profit of Nestlé S.A. 70 130
Market capitalisation, end December 231 136
Operating cash flow 14 700
Free cash flow(a) 14 137
Capital expenditure 3 914
as % of sales 4.3%
Net financial debt 12 325
Ratio of net financial debt to equity (gearing) 17.6%
Per share data (CHF)
Total basic earnings per share 4.54
Underlying earnings per share(b) 3.44
Dividend as proposed by the Board of Directors of Nestlé S.A. 2.20
Stock exchange prices (high/low) 73.30 / 63.85
Yield(c) 3.0 / 3.4%

(a) Operating cash flow adjusted for capital expenditure, expenditure on intangible assets, investments (net of disinvestments) in associates and joint ventures, inflows from other investing activities and outflows from other investing activities.

(b) Profit per share for the year attributable to shareholders of the parent before impairments, restructuring costs, results on disposals and significant one-off items. The tax impact from the adjusted items is also adjusted for.

(c) Calculated on the basis of the dividend for the year concerned, which is paid in the following year, and on high/low stock prices.