Nestle reported slightly better than expected annual sales growth on Thursday driven by price increases, though the world's largest packaged food company warned of a narrower profit margin in 2025. Under new CEO Laurent Freixe,

But the maker of Maggi stock cubes and Nescafe coffee forecast an underlying trading operating profit margin of 16% or more, down from 17.2% last year. Freixe said he expected the margin to narrow in the short term "as we invest for growth".

The world's largest packaged food company reported better-than-expected annual sales growth but warned of lower profit margins in 2025. View on euronews