Nestle S.A (NSRGF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to our media Q&A for full year results 2025. Thank you for joining us this morning. This is Christoph speaking. I'm joined by Filip Navratil and Anna Mons this morning. I trust you have all had a chance to watch the investor Q&A this morning and the presentation. So we will move straight into your questions. But before we begin, please take a moment to review the disclaimer on your screen. Thank you. Now, if you would like to ask a question, please raise your hand on your Zoom feature. When I call your name, you can unmute yourself and go ahead with your question. And once your question has been answered, you will be automatically put back on mute. To ensure that everyone has a chance to ask a question and to contribute to this session, please limit yourself to two questions at a time. Now, we're waiting for the first question to come in. First question is from Matthias Benz, the NZZ. Good morning Matthias, please go ahead. Good morning, can you hear me? Yes, perfectly. Great, so thanks for your time. I have a question on Nespresso. As Nestlé Health Sciences will disappear as a separate unit, Should that not also mean that Nespresso will actually disappear as a globally managed business because it's integrated into the new coffee pillar? And the second question would be, as you now focus more on these four pillars of product categories, will there be new heads for these four pillars? Thanks. Yeah, I'll take those. Matthias, good to have you. Look, on espresso, and should that be folded in in some way to coffee, Look, no, it's not the case. Nespresso, if you look at it, Nespresso has a very distinct business model in that sense. Nespresso is a direct-to-consumer business. Since the very beginning, it's 40 years now this year, Nespresso, and since the very begi...