1、Nestl.We unlock the power of foodto enhance quality of life for everyone,today and for generations to come.Annual Review 2024Our purposeContentsAccompanying reportsCorporate Governance Report 2024 Compensation Report 2024 Financial Statements 2024 Non-Financial Statement 2024You can find more inform

2、ation about the Nestl Group at Online 2 Letter to our shareholders 4 Together,we make Nestl 8 Powering our growth strategy 14 Connecting through our brands 30 Financial review 54 Corporate Governance and Compliance 61 Shareholder informationNestl.Unlocking the power of food to enhance quality of lif

3、e for everyone,today and for generations to come.AboveFront coverN3 N3 milk uses Nestls proprietary technology to reduce lactose a sugar found in cows milk through specialized enzymes,thereby generating beneficial prebiotic fibers that can deliver gut microbiome benefits.Nescaf Espresso Concentrate

4、Launched in select locations in 2024,Nescaf Espresso Concentrate brings barista-style,personalized cold coffee to consumers at home,with worldwide rollout planned over the coming years.Nestl Annual Review 20241A summary of the 2024 full-year results is shown here.For full results,please consult the

5、Financial review section.*Financial performance measures not defined by IFRS.Our financial performanceWe drive growth through our Nutrition,Health and Wellness strategy.Group sales(in CHF)91.4 billionUnderlying trading operating profit*(in CHF)15.7 billionTrading operating profit*(in CHF)14.6 billio

6、nEarnings per share(in CHF)4.19Operating cash flow(in CHF)16.7 billion29.8%of net financial debtProposed dividend(in CHF)3.05Proposed dividend increase+1.7%Free cash flow*(in CHF)10.7 billionEarnings per share 1.0%Trading operating profit margin*16.0%Underlying trading operating profit margin*17.2%U