Inflation pressures are percolating: Nestle chief

Original article by Eli Greenblat
The Australian – Page: 13 & 17 : 24-Jun-21

Nestle Australia has revealed that it recorded sales of $2.37 billion for the 2020 calendar year, up 7.9 per cent. It posted a profit of $122.6 million, up from $30.7 million in 2019, with that result having been impacted by $48 million in impairments. Nestle Oceania CEO Sandra Martinez says the company has had deal with dramatic increases in costs over the past 12 months, covering everything from coffee to shipping containers. She says its increased costs will have to be passed onto consumers at some point.


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