Nestle SA at Barclays Global Consumer Staples Conference (Virtual) Transcript

Sep 09, 2020 / 12:00PM GMT
Warren Lester Ackerman - Barclays Bank PLC, Research Division - Head of European Consumer Equity Research

Hello, everybody. Welcome to the Barclays Consumer Conference. I'm Warren Ackerman, Head of the European Consumer Staples Research team and a long-time follower of Nestlé. It's my pleasure to welcome François-Xavier Roger, Nestlé's CFO; and Steve Presley, Chairman and CEO of Nestlé U.S. We appreciate your support, and hope to see you in person in Boston in 2021.

So the format today will be a fireside chat for about 30 minutes, maybe a little bit longer if we run over, where I'll be posing the questions.

So with that brief intro, let's get into the session.

Questions and Answers:

Warren Lester Ackerman - Barclays Bank PLC, Research Division - Head of European Consumer Equity Research

So first question for François, and it's just really around the numbers. You delivered 2.8% organic growth in the first half. You're guiding to 2% to 3% for the year, clearly a lot of volatility due to COVID. But maybe, François, could you just
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