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".

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,

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