David Hancock
Head of Investor Relations
Replay available
Nestle S.A (NSRGF) Q2 2026 Earnings Call
Nestle S.A (OTC: NSRGF) Q2 2026 earnings conference call, held 2026-07-23. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Philip Navratil
Chief Executive Officer
Anna Manz
Chief Financial Officer
Olivier Nicolai
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Guillaume Delmat
Analyst at UBS
David Hayes
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Warren Ackerman
Analyst at Barclays
Nicolas Saron
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Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Nestle S.a..
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.515 Good morning and welcome to Nestlé's half-year 2026 results. 00:00:04.515 -- 00:00:09.419 I'm David Hancock, Head of Investor Relations, and I'm joined today by Philip Navratil, 00:00:09.419 -- 00:00:13.400 CEO, and Anna Manz, CFO. 00:00:13.722 -- 00:00:19.325 Before we get started, please take a moment to review the disclaimer on slide two. 00:00:20.388 -- 00:00:23.102 Let me quickly take you through our agenda. 00:00:23.102 -- 00:00:28.184 We'll start with an overview of the key messages and updates from Philip before 00:00:28.184 -- 00:00:34.605 Anna reviews the numbers in more detail. We will then open up the lines for Q&A. 00:00:34.766 -- 00:00:37.507 And with that, I'll hand over to Philip. 00:00:37.507 -- 00:00:43.209 Thanks, David. Good morning, everyone, and thank you for joining us. 00:00:43.209 -- 00:00:46.510 Let me start with some key messages. 00:00:46.510 -- 00:00:49.732 First, our execution is improving 00:00:49.732 -- 00:00:54.884 and this is driving growth. For the last four quarters, we have delivered GERT 00:00:54.884 -- 00:00:57.824 OG and RIG. 00:00:57.824 -- 00:01:04.745 Now we need to keep delivering consistently and accelerate RIG to at least 2%. 00:01:04.866 -- 00:01:09.967 Second, we are sharpening our portfolio. The partnership for waters is 00:01:09.967 -- 00:01:15.328 an important step here. This is about focusing to win. 00:01:15.328 -- 00:01:20.405 Third, efficiency and cash. We are becoming a more efficient company 00:01:20.405 -- 00:01:23.987 and we are delivering cost savings slightly ahead of plan. 00:01:23.987 -- 00:01:28.590 This creates additional resources to reinvest in growth. 00:01:28.590 -- 00:01:31.652 Free cash flow was strong. 00:01:31.652 -- 00:01:36.635 Finally, we are on track to de...