• Press release
3 min time reading

Strong FY 2024 results - Entering the next chapter of Renew with confidence

  • Corporate news
  • FY 2024 sales of €27,376m up +4.3% on a like-for-like (LFL) basis, with volume/mix up +3.0%, and price up +1.3%
  • Q4 sales up +4.7% LFL, with strong volume/mix of +4.2%, and resilient price of +0.6%
    • Continued strong momentum in North America, notably in High Protein, Coffee Creations and Waters
    • 5th consecutive quarter of positive volume/mix in Europe, demonstrating notably further progress in EDP competitiveness
    • Sustained competitive growth in China, North Asia & Oceania in all categories
  • Recurring operating margin up +39 bps at 13.0% driven by strong improvement in margin from operations, while consistently reinvesting into future growth
  • Recurring EPS up +2.5% to €3.63
  • Record level of Free cash flow at €3.0bn, up +14.0%
  • Proposed dividend up +2.4% to €2.15
  • 2025 guidance in line with mid-term ambition: like-for-like sales growth expected between +3% and +5%, with recurring operating income growing faster than sales

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