Nestle SA is a company engaged in the nutrition, health and wellness sectors. It is the holding company of the Nestle Group, which comprises subsidiaries, associated companies and joint ventures throughout the world. It has such business units as Food and Beverage, Nestle Waters and Nestle Nutrition. It is also active in the pharmaceutical sector. It divides its products into nine categories: Prepared dishes and cooking aids, Beverages, Confectionery, Ice cream, Water, PetCare, Milk products, Nutrition and Pharma. It has numerous subsidiaries engaged in various areas of activity, including Alcon Ophthalmika GmbH (Austria), Alcon Bulgaria EOOD (Bulgaria) and Galderma Laboratorium GmbH (Germany) for pharmaceuticals; Novartis Nutrition GmbH (Austria) and Hjem-IS A/S (Denmark) for food and beverages, and Galderma International SAS (France) and Galderma Laboratorium GmbH (Germany) for health and beauty activities. In July 2008, Novartis AG acquired a 25% stake in Alcon, Inc. from Nestle SA.
Quick Financial Synopsis
BRIEF: For the six months ended 30 June 2009, Nestlé SA's sales decreased 2% to SF52.27B. Net profit for the period decreased 3% to SF5.07B. Sales reflect decreased demand for the Company's products in Water as well as Milk Products and Ice Cream business segments, especially in Europe and Asia, Oceania with Africa geographic segments. Net profit for the period suffered from increased research and development expenses.