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Tag: Nestlé Nigeria

  • Nestlé Nigeria rebounds with N51b profit

    Nestlé Nigeria rebounds with N51b profit

    Nestlé Nigeria Plc recorded well-rounded performance in the first quarter, recovering from a loss position of N196 billion to a profit of N51 billion.

    Key extracts of the interim report and accounts of Nestle Nigeria for the three-month period ended March 31, 2025 showed that turnover rose by 61 per cent to N294.9 billion in first quarter 2025 compared with N183.48 billion in first quarter 2024. Operating profit jumped by 254 per cent to N74.1 billion as against N20.9 billion in comparable period of 2024. Profit before tax stood at N51.2 billion, in contrast to the loss of N196.1 billion recorded in corresponding period of last year. After taxes, net profit closed first quarter 2025 at N30.2 billion, compared with net loss of N142.7 billion in first quarter 2024. The company’s net finance costs had dropped significantly from N217.08 billion in first quarter 2024 to N22.99 billion in first quarter 2025.

    Managing Director, Nestlé Nigeria Plc, Mr. Wassim Elhusseini, said the results for first quarter 2025 reflected the company’s unwavering commitment to operational excellence and strong fundamentals.

    Read Also: Nestlé Nigeria reiterates commitment to providing affordable nutrition

    He said the results marked a successful continuation of the company’s return to profitability initiated in fourth quarter 2024.

    According to him, the robust topline growth of 61 per cent and profit after tax demonstrated that the company’s focused efforts were yielding desired results led by a strong operating performance.

    “We will remain dedicated to driving innovation and renovation to meet evolving consumer needs, enhancing our margin management initiatives, and investing in community programs that deliver sustainable value to all our stakeholders,” Elhusseini said.

    He added that the result highlighted Nestlé’s commitment to consistently delivering long-term value to its shareholders while effectively navigating the challenges of the current business environment.  

  • Nestlé Nigeria reiterates commitment to providing affordable nutrition

    Nestlé Nigeria reiterates commitment to providing affordable nutrition

    Nestlé Nigeria has once again demonstrated its commitment to providing accessible and affordable nutrition with the launch of Golden Morn 3in1, Nigeria’s first fully ready-to-eat cereal. This product combines Nigeria’s favorite Maize and Soya cereal with milk, requiring only the addition of water to serve a complete meal that can be enjoyed at any time of the day.

    Golden Morn, the cherished homegrown family cereal born in 1986, has since grown into the most consumed cereal in Nigeria. Building on this rich heritage, Golden Morn 3in1 is the first ready-to-eat cereal in Nigeria, offering consumers unparalleled convenience and cost savings in every pack.

    Speaking at the launch event, Wassim Elhusseini, Managing Director and CEO of Nestlé Nigeria, emphasised the company’s consumer-focused approach to innovation: “Golden Morn 3in1 represents a significant advancement in convenience and affordability, making it easier than ever for families to enjoy a nutritious meal. Developed over a two-year period through meticulous research and consumer insights, this product delivers the right balance of nutrition and taste at a price that works for Nigerian households.”

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    The product comes at a time when access to affordable, balanced diets remains a challenge for millions of Nigerians.

    According to the State of Food Security and Nutrition in the World 2024 Report titled Financing to end hunger, food insecurity and malnutrition in all its forms, an estimated 172 million Nigerians were unable to afford a healthy diet in 2022. This reality underscores the urgent need for accessible and affordable nutrition.

    Omofasa Orhiunu, Category Manager for Healthy Cereals at Nestlé Nigeria, highlighted the product’s role in addressing this nutrition gap: “With no fewer than 172 million Nigerians unable to afford a healthy diet, we recognise the urgent need for solutions that provide affordable, nutritious meals. Retailing at an affordable N300, Golden Morn 3in1 is fortified with GRAINSMART protect—a smart combination of iron, vitamins —to support immunity while also providing protein, calcium, and fibre for digestive health.”

  • Nestlé Nigeria, Ogun State collaborate on sustainable water

    Nestlé Nigeria, Ogun State collaborate on sustainable water

    To commemorate World Water Day 2024 with the theme “Water for Peace,” Nestlé Nigeria, the Ogun State Government and the Ogun-Osun Water Basin Authority organised an event to raise awareness about the importance of water conservation and responsible water management practices.

    The event which took place in Abeokuta, highlighted the role of Public-Private Partnership, (PPP) to spur collective action towards a water-secure future. Nestlé Nigeria has long been committed to sustainable water practices and has implemented various initiatives to reduce water consumption across its operations.

    Over the last three years, the company has achieved reductions of 48,898 m3 in water usage, demonstrating its dedication to sustainable water stewardship. “We are delighted to collaborate with the Ogun State Government to champion sustainable water practices on World Water Day 2024,” said Mr. Wassim Elhusseini, CEO of Nestlé Nigeria.

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    “Water is a precious resource, and it is our collective responsibility to protect and conserve it.

    Through this collaboration, we aim to make a positive impact on the environment and the communities we serve.” The head, Corporate Communications, Public Affairs and Sustainability at Nestlé Nigeria, Victoria Uwadoka said, “We are delighted to collaborate with the Ogun State Government to champion sustainable water practices on World Water Day 2024. Nestlé is committed to taking action to protect water resources for today and for future generations.

    We have therefore implemented water-saving measures to achieve water savings of 48,898 m3 across our operations in the last three years. In addition, we engage with our local communities and other critical stakeholders on water conservation efforts. Water is a precious resource, and it is our collective responsibility to protect and conserve it.

    The World Water Day event with the Ogun State Ministry of Environment and the Ogun- Osun River Basin Development Authority is part of the ongoing collaboration to promote more sustainable water stewardship and to make a positive impact on the environment and the communities we serve.”

    In his speech at the event, the Honourable commissioner for Environment, Hon. Ola Oresanya said “the responsibility for leveraging water for peace is not solely a government role but the joint responsibility of everyone. The need for cooperation by all relevant agencies, industrial and commercial facilities, academia, investors, drillers, and individuals at all levels is the crux of today’s message.”

    “Let us recommit to unite around water and use water for peace and to lay foundations of a more stable and prosperous future. It is time to foster harmony between communities and states, communities and industries, academia, and Government among others. water must be viewed as a shared interest so that management of scarce water resources can lead to cooperation rather than conflict”.

    Nestlé Nigeria also works closely with communities closest to their operations to improve access to clean and safe water through sustainable water projects such as the construction of water infrastructure and the establishment of community boreholes. As part of the collaboration with the Ogun State Government, Nestlé Nigeria will further expand its efforts to promote sustainable water practices. The partnership will focus on raising awareness about water conservation, educating communities about responsible water usage, and implementing initiatives to improve water access and quality.