Nestlé (Malaysia) Berhad Third Quarter 2024 Earnings: EPS: RM0.36 (vs RM0.57 in 3Q 2023)

Nestlé (Malaysia) Berhad (KLSE:NESTLE) Third Quarter 2024 Results

Key Financial Results

• Revenue: RM1.45b (down 18% from 3Q 2023).
• Net income: RM85.4m (down 36% from 3Q 2023).
• Profit margin: 5.9% (down from 7.5% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: RM0.36 (down from RM0.57 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nestlé (Malaysia) Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Food industry in Malaysia.

Performance of the Malaysian Food industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Nestlé (Malaysia) Berhad (1 is potentially serious!) that you need to take into consideration.

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