Organic growth was 3.1%, with pricing of 3.9% and RIG of -0.8%. Foreign exchange had a negative impact of 1.5%. Net divestitures decreased sales by 0.1%. On March 1st 2024, the Group completed the acquisition of a majority stake in Grupo CRM, a premium chocolate player in Brazil. Reported sales in Zone Latin America increased by 1.5% to CHF 3.1 billion. Growth was led by Brazil, with continued momentum for Garoto, KitKat and Nescafé. Mexico delivered low single-digit growth, based on strong sales momentum for Purina PetCare, La Lechera and Carlos V. The Zone achieved market share gains in pet food, Infant Nutrition, and portioned coffee, with losses in dairy, following portfolio optimization.