• Press release
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Q1 Results: Good start to the year with all geographies and categories growing 2022 guidance reiterated

  • Corporate news
Good start to the year, with net sales of €6,236m in the first quarter, up +7.1% on a like-for-like (LFL) basis, with price up +4.9% and volume/mix up +2.2%; net sales up +10.2% on a reported basis.

Broad-based like-for-like sales growth

  • +5.7% in Europe and +5.5% in North America driven by all categories 
  • +15.3% in China and North Asia led by Specialized Nutrition benefiting from a low base of comparison 
  • +7.0% in Rest of the World led by EDP and Waters 

The operating environment remains highly volatile, with sustained supply disruptions and broad-based inflation around mid-teens levels in 2022.

2022 guidance reiterated, supported by pricing actions, mix management and productivity efforts: price-led like-for-like sales growth between +3 and +5% and a recurring operating margin above 12%.