Results & Dividends

Nestle Nigeria: Strong Revenue and a Welcome Recovery of Gross Margin in Q2-18

July 31, 2018/Cordros Report Update: NESTLE reported 56.9% y/y EPS growth in Q2-18, driven by strong revenue and margin growth, marginal increase in opex, and a net finance income (vs. loss the previous year). Compared to our estimate, the achieved Q2 EPS was ahead by 8%. Annualized, the H1-18 EPS […]