hwffehj z[ ][ij ed - nestlé...wlwdjw][i b_ i } bw ieb_z_j z[ dei fei_j_edi ikh b[ cwhy^ " gk[...
TRANSCRIPT
![Page 1: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/1.jpg)
![Page 2: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/2.jpg)
![Page 3: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/3.jpg)
![Page 4: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/4.jpg)
![Page 5: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/5.jpg)
![Page 6: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/6.jpg)
![Page 7: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/7.jpg)
![Page 8: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/8.jpg)
![Page 9: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/9.jpg)
![Page 10: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/10.jpg)
![Page 11: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/11.jpg)
![Page 12: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/12.jpg)
![Page 13: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/13.jpg)
![Page 14: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/14.jpg)
![Page 15: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/15.jpg)
![Page 16: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/16.jpg)
13
Chiffre d’affaires
En millions
de CHF
Marge EBITA
En %
Progression de la marge à taux
constants (en points de base)
Bénéfice par action
En CHF
Récurrent
Rentabilité des
capitaux investis*
En %
Incluant goodwill
Excluant goodwill
* selon information sectorielle
EBITA
En millions
de CHF
Bénéfice net
En millions
de CHF
Dividende
En CHF
Cash flow libre
En millions
de CHF
Nestlé Rapport de gestion 2004 Performance du Groupe
88 000
86 000
84 000
82 000
80 000
13
12
11
10
9
20
16
12
8
4
11 000
10 000
9 000
8 000
7 000
7 000
6 000
5 000
4 000
3 000
7
6
5
4
3
2000
81 422
2001
84 698
2002
89 160
2003
87 979
2004
86 769
2000
9 911
2001
9 987
2002
10 940
2003
11 006
2004
10 970
2000
12,2
2001
11,8
2002
12,3
2003
12,5
2004
12,6
+40
2000
5 763
2001
6 681
2002
7 564
2003
6 213
2004
6 717
2000
14.91
–
2001
17.25
–
2002
19.51
18.90
2003
16.05
20.23
2004
17.29
19.33
2000
5.50
2001
6.40
2002
7.00
2003
7.20
2004
8.00
20
16
12
8
4
6 000
5 000
4 000
3 000
2 000
2000
–
17,3
2001
–
17,5
2002
11,0
18,9
2003
11,0
19,9
2004
10,9
19,9
2000
5 599
2001
4 938
2002
6 278
2003
6 361
2004
6 640
![Page 17: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/17.jpg)
![Page 18: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/18.jpg)
Nestlé Rapport de gestion 2004 Performance du Groupe 15
Chiffre d’affairesForte croissance du chiffre d’affaires au vu des conditions difficiles en Europe
Chiffre d’affaires 2004 (a)
En millions de CHF Variation 2004/2003
en CHF en monnaie locale
Par marchés principaux
Par continent
(a) Le chiffre d’affaires des marchés et des continents comprend le secteur alimentation et les autres activités
(b) Baisse du chiffre d’affaires principalement lié à la cession de Trinks
(c) Comparaison pas applicable
Le chiffre d’affaires du Groupe s’est élevé à CHF 86,8 milliards, soit une baisse de 1,4% par rapport à 2003, due d’une part à la volatilité des monnaies, qui a eu un effet négatif de 3,5% sur le chiffre d’affaires, et d’autre part aux désinvestissements, qui ont eu une incidence négative de 3,6% sur le chiffre d’affaires. Parmi les contributions positives au chiffre d’affaires, on compte les acquisi-
tions, à 1,2%, la croissance interne réelle, à 2,9%, ainsi que les prix de vente et autres facteurs, à 1,6%. L’association de la croissance interne réelle et des prix de vente donne une croissance organique de 4,5%.
Le RIG mesure la croissance du volume des ventes à données compa-rables réalisée par Nestlé d’une année à l’autre. Elle ne tient pas compte des
augmentations des prix de vente. La croissance organique a été légère-ment inférieure à notre objectif de 5-6%, mais elle affiche une perfor-mance solide pour une entreprise de l’alimentation et des boissons.
Pour la quatrième année consécu-tive, la conversion du chiffre d’af-faires du Groupe en francs suisses se traduit par une réduction des ventes. Toutefois, c’est la première année depuis 2001 que les désin-vestissements ont dépassé les acquisitions. Cela reflète l’absence d’acquisitions significatives ainsi que la cession d’un certain nombre d’activités non traditionnelles ou à faibles marges, telles que Trinks, une importante affaire de distribution.
Composition du chiffre d’affaires
Croissance organique
Croissance interne réelle (RIG)
Prix
Acquisitions et cessions
Cours de change
+1,1%
–2,6%
–26,4%
+3,8%
–2,6%
+2,8%
+2,8%
+0,6%
–4,6%
–7,7%
+9,3%
+4,5%
+1,6%
+3,5%
+5,8%
+3,7%
–5,0%
+0,3%
+0,6%
+2,3%
+6,2%
+9,8%
–1,4%
+9,5%
–4,0%
–27,5%
+0,6%
–4,0%
+5,7%
+1,4%
+13,9%
–3,1%
–6,6%
+5,4%
+13,4%
+1,6%
+16,3%
+7,8%(c)
(c)
(c)
(c)
(c)
(c)
(c)
(c)
2004
23 531
8 306
6 128
4 550
4 387
2 899
2 750
2 710
2 694
2 108
1 820
1 593
1 482
1 314
1 246
19 251
36 124
25 639
11 093
9 292
2 393
2 228
86 769
Etats-Unis
France
Allemagne (b)
Royaume-Uni
Italie
Brésil
Espagne
Mexique
Japon
Canada
Australie
Chine (y c. Taiwan)
Suisse
Philippines
Russie
Autres marchés
Europe
Etats-Unis et Canada
Asie
Amérique latine et Caraïbes
Afrique
Océanie
Total du Groupe
+4,5%
+2,9%
+1,6%
–2,4%
–3,5%
– 0 +
![Page 19: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/19.jpg)
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![Page 27: HWffehj Z[ ][ij ed - Nestlé...WlWdjW][i b_ i } bW ieb_Z_j Z[ dei fei_j_edi ikh b[ cWhY^ " gk[ Y[ ie_j ikh b[i cWhY^ i c[h][dji ek ZWdi b[i fWoi _dZkijh_Wb_i i" W_di_ gk[ Z[ bÉWjjhWYj_l_j](https://reader036.vdocuments.site/reader036/viewer/2022071501/611fb90eceb504365e38bf48/html5/thumbnails/27.jpg)
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