Latest news with #Nestle(Malaysia)Bhd
The Sun
29-04-2025
- Business
- The Sun
Nestle Malaysia posts RM1.77 billion turnover in first quarter
PETALING JAYA: Nestle (Malaysia) Bhd recorded a turnover of RM1.77 billion for its first quarter ended March 31, 2025 (Q1'25), matching the robust sales figures in Q1'24 and reflecting a 20.1% growth compared to Q4'24. For the quarter under review, Nestlé Malaysia delivered profit before tax of RM213 million and profit after tax of RM161.3 million, more than triple Q4'24 earnings and confirming the path to profit normalisation after a challenging 2024. While Q1'25 profit was solid, it moderately contracted against the strong baseline of Q1'24, reflecting an earlier phasing of marketing investments versus 2024, as well as the prudent approach to pricing amidst soaring prices of key commodities, as the company remains mindful of mitigating as much as possible the impact on the purchasing power of the rakyat. Nestle Malaysia CEO Juan Aranols said that first quarter results are encouraging and represent an important step in their journey back to healthy growth levels and profit normalisation after some challenges in the previous quarters. Amid market volatility and intense competition, the company continued to drive solid brand plans with effective execution across all channels online and offline. Aranols said that as they navigate through 2025, they remain vigilant of the multiple factors of volatility in the global market that may impact business conditions, while staying committed to their promise of providing nutritious great-tasting halal products that meet Malaysians' needs across all life stages. He added that they are driving automation and digitalisation within their organisation as key enablers of agile decision-making and savings, which in turn fund brand investments and innovations to strengthen market leadership. 'This is what we call the virtuous circle of profitable sustainable growth, always anchored on a strong understanding of Malaysians' value expectations,' Aranols said. In Q1'25, Nestle Malaysia kept up a solid pace in its environmental, social and governance initiatives, including the expansion of its Project SAVE waste collection beyond Klang Valley to Penang Island. 'While the operating environment continues to present challenges, the signs we are observing in terms of improved consumer sentiments are encouraging. As guided earlier, we are confident in returning to healthy growth levels by H1 2025, and consolidate the normalisation of our profitable and sustainable growth path. We will continue to invest in product innovation and in enhancing our capabilities at all levels – manufacturing, logistics, commercial, etc. 'As we have done throughout our 113 years in Malaysia, we will continue to be a positive force contributing to the wellbeing of the Rakyat. Building on our strong foundation in the nation, we are confident on this outlook, while we carefully monitor global geopolitical and market developments that may affect broader economic conditions,' Aranols said.
Malay Mail
29-04-2025
- Business
- Malay Mail
Nestle Malaysia defies lower 1Q profit, shares soar on festive demand boost
KUALA LUMPUR, April 29 — Nestle (Malaysia) Bhd shares soared in the morning trading session amid posting lower net profit for the first quarter (1Q) of 2025. At 10.16am, Nestle's share price strengthened by 50 sen to RM80.88, with 52,800 shares changing hands. In a filing with Bursa Malaysia, Nestle reported a lower net profit of RM161.34 million in the 1Q ended March 31, 2025, from RM195.51 million a year earlier, while revenue also declined to RM1.77 billion from RM1.78 billion previously. In a note, MIDF Amanah Investment Bank Bhd said Nestle's 1Q 2025 performance was in line with expectations, supported by festive-driven domestic sales recovery. 'However, margin pressure from elevated input costs and higher marketing expenses continued to weigh on earnings,' it said. Besides, Hong Leong Investment Bank Bhd (HLIB) also opined that Nestle's 1Q 2025 results were broadly within expectations, with a strong seasonal showing despite headwinds from weaker domestic sales and elevated commodity prices. 'While top-line growth was supported by festive demand and export gains, margin pressure persisted year-on-year,' it said in a separate note. Looking ahead, HLIB said Nestle remains challenged by geopolitical tensions, commodity volatility, and softer consumer sentiment, but continues to strengthen its environmental, social and governance initiatives. In addition, MIDF remained cautious on Nestle's outlook, given the prolonged impact of weak consumer sentiment and ongoing geopolitical uncertainties, which could continue to weigh on domestic sales. 'A full cost pass-through remains challenging in the near term, considering Nestle's strategic focus on offering better value to consumers to defend market share. 'While management expects sequential improvement from 2Q 2025 onwards, we believe that profit margins will likely remain under pressure as raw material prices remain elevated,' it added. — Bernama
New Straits Times
28-04-2025
- Business
- New Straits Times
Nestle Malaysia posts RM213mil net profit, RM1.77bil revenue in Q1
KUALA LUMPUR: Nestle (Malaysia) Bhd reported weaker earnings for the first quarter of the financial year 2025, attributed to higher marketing expenses earlier in the year and minimal price increases despite rising raw material costs. The food and beverages manufacturer recorded a net profit of RM213 million for the period, a 17.5 per cent decline from RM195.5 million a year ago, according to a bourse filing today. Revenue dipped slightly 0.8 per cent to RM1.77 billion from RM1.78 billion previously. The company said growth of export sales remains robust at 8.8 per cent while domestic sales are on a good path of recovery across categories which reflects the successful planning and execution during the festive periods. In a statement, Nestle Malaysia said it still focuses on ensuring the relevance of its brands and product offerings in an evolving marketplace throughout the quarter. It stated that the core products performed well, complemented by product innovations that have been positively received by consumers, helping to sustain solid market leadership positions. Nestle Malaysia chief executive officer Juan Aranols said that although the operating environment remains challenging, the company is encouraged by signs of improving consumer sentiment. "We are confident in returning to healthy growth levels by the first half of this year and consolidate the normalisation of our profitable and sustainable growth path. "We will continue to invest in product innovation and in enhancing our capabilities at all levels, including manufacturing, logistics and commercial, among others. Building on strong foundation in the nation, Aranols said Nestle Malaysia is confident on its outlook, while carefully monitoring global geopolitical and market developments that may affect broader economic conditions.
The Star
23-04-2025
- Business
- The Star
Trading ideas: AmBank, Nestle, MGB, Southern Steel, DPS, Scanwolf, Norges, Reach Ten, Alpha IVF, Aneka Jaringan
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. AmBank (M) Bhd is taking legal action to auction off a property in Bandar Kundang, Rawang, owned by the late Kee Kok Thiam, a former aide to fugitive businessman Low Taek Jho, to recover a housing loan of RM1mn. Nestle (Malaysia) Bhd has partnered with KDEB Waste Management Sdn Bhd to enhance its efforts in addressing plastic waste through sustainable solutions. MGB Bhd is proposing to settle RM7.2mn with joint venture partner Aset AZG Sdn Bhd to kickstart a serviced apartment project in Cameron Highlands which has been on the back burner for six years. Southern Steel Bhd is disposing of a 55% stake, comprising 12.8mn shares in its subsidiary Southern Steel Mesh Sdn Bhd to Singapore-based BRC Asia Ltd for RM61.1mn in cash. DPS Resources Bhd is partnering with Invest Energy Sdn Bhd to develop solar farms and other infrastructure to support its proposed artificial intelligence data centre and high-tech industrial park in Alor Gajah, Melaka. Scanwolf Corp Bhd has secured a letter of award from Asianmax Corporation Sdn Bhd for the relocation of water supply in Gombak, Selangor, worth RM16.6mn. Norges Bank, which manages Norway's government pension fund, has emerged as a substantial shareholder in automated test equipment maker Pentamaster Corp Bhd with a 5.3% stake. Reach Ten Holdings Bhd's IPO shares have been oversubscribed by 1.85 times ahead of its listing on the Main Market of Bursa Malaysia next month. Alpha IVF Group Bhd posted a 12.4% YoY decline in net profit for its third quarter, dragged by expansion costs and lower contributions from its Singapore operations. Aneka Jaringan Holdings Bhd posted a net profit of RM749,000 for 2Q25, up from RM121,000 in the same period last year. Revenue rose 23.5% YoY to RM67mn, supported by stronger contributions from ongoing projects and improved execution efficiency in both Malaysia and Indonesia.
New Straits Times
22-04-2025
- Business
- New Straits Times
Nestle steps up plastic waste drive with KDEB Waste Management
SHAH ALAM: Nestle (Malaysia) Bhd has partnered with KDEB Waste Management Sdn Bhd (KDEBWM) to enhance its efforts in addressing plastic waste through sustainable solutions. Both parties signed a collaboration agreement to launch SELKitar programme, the latest phase of Nestle Malaysia's door-to-door collection and recycling programme under project SAVE, the largest voluntary extended producer responsibility (EPR) initiative in Malaysia. Launched in 2020, project SAVE is an ongoing large-scale collaboration between Nestle Malaysia and local municipalities across the Klang Valley that recently expanded also to Penang. Currently reaching over 200,000 households, to date, the project has diverted more than 33,000 tonnes of waste including over 20,000 tonnes of plastic, from landfills and oceans. Programme SELKitar will scale up these ongoing efforts to engage another 17,000 households in landed communities in Majlis Bandaraya Subang Jaya (MBSJ) and Majlis Perbandaran Sepang beginning May 2025. Discussions for a second phase of expansion including strata residences and suburban villages are already in progress. The agreement signing ceremony was officiated by Selangor State executive councillor (EXCO) for Public Health and Environment Jamaliah Jamaluddin and attended by Selangor Menteri Besar Datuk Seri Amirudin Shari. Amirudin said such initiative shapes the environmental consciousness in the state. "The implementation of Act 672 in Selangor signals our commitment to uniform, sustainable waste practices and this partnership reflects our belief that progress can only be achieved through joint, sustained effort," he said. Nestle Malaysia chief executive officer Juan Aranols said the programme is a tangible demonstration of the company's commitment to addressing plastic waste and promoting the circular use of resources. "With the continued expansion of our door-to-door collection and recycling programme, we move closer to our vision of a Malaysia free of plastic waste, where post-consumer packaging is sustainably managed through effective collection systems. "This partnership with KDEBWM reinforces Nestle's global pledge to achieve plastic neutrality by 2025, ensuring that none of our packaging ends up in landfills or oceans," he added. KDEBWM, as the waste management arm of Menteri Besar Inc, brings operational expertise that complements Nestlé Malaysia's experience in voluntary EPR initiatives. The SELKitar Programme implements tailored collection strategies for both "open areas" and "gated and guarded" communities, promoting operational efficiency and educating residents on waste segregation. Recyclables are collected separately from regular domestic waste and transported to a material recovery collection facility in Bukit Puchong for sorting and reprocessing, supporting a circular economy. Residents will also receive communication, education and public awareness materials that promote a single-stream approach, allowing all recyclables to be placed in one container for collection, simplifying participation for households. Project SAVE, Nestle Malaysia's largest voluntary EPR initiative, collaborates with local municipal councils, including in Petaling Jaya, Subang Jaya, Shah Alam, Klang and Pulau Pinang.
