ZURICH (SWITZERLAND) – Nestle said on Wednesday that it will go for more acquisition, including big ones.
“We have been very disciplined, but that has not prevented us from doing sizeable acquisitions – Starbucks, Atrium, now Aimmune – and there will be probably more in the future as well because we really want to go there,” said its CFO Francois-Xavier Roger.
Roger said Nestle would go for acquisitions if they were a strategic and cultural necessity and yielded proper returns.
“That is essentially around nutrition, health and wellness or high-growth categories, but not on an exclusive basis, we can also invest outside of these high-growth categories if we find the right opportunities,” Roger said.
“In the future, there will be some margin improvement, but not to the same extent because we’ll use part of the savings to support our growth, that is essentially marketing spend and to finance the sustainability cost that will rise,” he said.
Nestle said in July it was gunning for 2-3% organic sales growth this year in the wake of the demand for high-end pet food and health products in Q-2.