Nestlé, the largest food and beverage company in the world, announces the results for Q1 2023, reporting that the total sales increased by 5.6% to CHF 23.5 billion. Foreign exchange decreased sales by 4.0%. Net acquisitions had a positive impact of 0.3%. Organic growth reached 9.3%, with broad-based contributions across geographies and categories. Pricing was 9.8%, reflecting significant cost inflation. Real internal growth (RIG) was -0.5%. Regarding the full-year 2023 outlook, Nestlé expects organic sales growth between 6% and 8%.