Nestle's organic growth reached 3.5%, with real internal growth (RIG) of 3.3% and pricing of 0.2%. Growth was supported by continued strong momentum in the Americas, Purina\u00a0PetCare and Nestl\u00e9 Health Science. Zone\u00a0AOA\u00a0reached 4.5% organic growth in the third quarter. Divestitures and foreign exchange reduced sales by 12.9%. Total reported sales decreased by 9.4% to\u00a0CHF\u00a061.9 billion (9M-2019:\u00a0CHF\u00a068.4 billion). Nestl\u00e9's current strategic reviews are fully on track. Further progress in portfolio management was made. The acquisition of Aimmune Therapeutics was completed on October 13, 2020. Full-year guidance for 2020 updated: We expect full-year organic sales growth by around 3%. The underlying trading operating profit margin is expected to improve. Underlying earnings per share in constant currency and capital efficiency are expected to increase. Mark Schneider, Nestl\u00e9\u00a0CEO, commented: "Nestl\u00e9 has remained resilient in a difficult and volatile environment. Our people have acted in a responsible and prompt manner to mitigate the impact of the global pandemic and have adapted quickly to evolving consumer needs. Strong organic growth was broad-based and supported by sustained momentum in the Americas, Purina PetCare and Nestl\u00e9 Health Science, as well as the acceleration of our coffee business in the third quarter. We continue to develop our portfolio with speed and discipline. As an example, we are transforming Nestl\u00e9 Health Science into a nutrition and health powerhouse through a combination of strong organic growth and targeted acquisitions. The recent additions of Zenpep, Vital Proteins and Aimmune Therapeutics are further steps in the expansion of our nutritional health offerings." Total Group Zone\u00a0AMS Zone\u00a0EMENA Zone\u00a0AOA Other Businesses Sales 9M-2020 (CHF\u00a0m) 61\u00a0912 24\u00a0991 14\u00a0952 15\u00a0251 6\u00a0718 Sales 9M-2019 (CHF\u00a0m)* 68\u00a0367 27\u00a0608 15\u00a0732 16\u00a0340 8\u00a0687 Real internal growth (RIG) 3.3% 4.7% 3.3% -\u00a00.2% 6.8% Pricing 0.2% 0.4% -\u00a00.4% 0.2% 0.6% Organic growth 3.5% 5.1% 2.9% 0.0% 7.4% Net\u00a0M&A -\u00a05.5% -\u00a05.7% -\u00a01.7% 0.0% -\u00a024.0% Foreign exchange -\u00a07.4% -\u00a08.9% -\u00a06.2% -\u00a06.7% -\u00a06.1% Reported sales growth -\u00a09.4% -\u00a09.5% -\u00a05.0% -\u00a06.7% -\u00a022.7% * 2019 figures restated following the decision to integrate the Nestl\u00e9 Waters business into the Group's three geographical Zones, effective January 1, 2020. Group sales Organic growth reached 3.5%, with\u00a0RIG of 3.3%. Pricing contributed 0.2%. Organic growth improved to 4.9% in the third quarter. Growth was based on sustained momentum in the Americas and continued robust sales development in\u00a0EMENA. Growth in\u00a0AOA\u00a0was slightly positive. Organic growth was 3.9% in developed markets, based entirely on\u00a0RIG. Growth in emerging markets improved to 2.8%, supported by both\u00a0RIG\u00a0and pricing. By product category, the largest contributor to growth was\u00a0Purina\u00a0PetCare and its science-based and premium brands\u00a0Purina Pro Plan, Purina ONE\u00a0and\u00a0Felix. Dairy grew at a high single-digit rate, based on increased demand for fortified milks and home-baking products. Coffee posted mid-single-digit growth, fueled by strong consumer demand for Starbucks products, Nespresso\u00a0and\u00a0Nescaf\u00e9. Prepared dishes and cooking aids reached mid-single-digit growth. Vegetarian and plant-based food products delivered strong double-digit growth, supported by new product launches and continued distribution expansion. Nestl\u00e9 Health Science posted double-digit growth, reflecting increased consumer demand for products that support health and the immune system. Confectionery and water reported a sales decrease due to their high exposure to out-of-home channels, with some improvement in the third quarter. Divestitures decreased sales by 5.5%, largely related to the divestment of Nestl\u00e9 Skin Health and the\u00a0U.S.\u00a0ice cream business. Foreign exchange reduced sales by 7.4%, reflecting the continued appreciation of the Swiss franc versus most currencies. Total reported sales decreased by 9.4% to\u00a0CHF\u00a061.9 billion. Business impact of COVID-19 The effects of COVID-19 on organic growth continued to vary, in particular by product category and sales channel. \tProduct categories:\u00a0Demand for at-home consumption, trusted brands and products with health benefits remained strong.\u00a0Purina PetCare, dairy, coffee at-home and Nestl\u00e9 Health Science continued to report strong growth. Confectionery and water posted sales decreases, reflecting their high exposure to out-of-home channels and on-the-go consumption. \tSales channels: Retail sales accelerated materially, reflecting continued elevated demand for at-home consumption. Growth in out-of-home channels remained significantly negative, with sales declines moderating in the third quarter. \tE-commerce sales grew by 47.6%, reaching 12.3% of total Group sales. Coffee,\u00a0Purina PetCare and Nutrition & Health Science were the main growth contributors, with continued strong momentum in all other categories. Portfolio Management The strategic reviews for parts of the Waters business in North America and the Yinlu peanut milk and canned rice porridge businesses in China are fully on track. Both reviews are expected to be completed in early 2021. Nestl\u00e9 Health Science continues to build its presence and leadership in the field of nutritional science. In July, Nestl\u00e9 completed the acquisition of a majority stake in Vital Proteins, America's leading collagen products brand. In September, Nestl\u00e9 closed the acquisition of IM HealthScience, which specializes in medical foods and dietary supplements. On October 13, 2020, Nestl\u00e9 completed the acquisition of Aimmune Therapeutics, a biopharmaceutical company developing and commercializing treatments for potentially life-threatening food allergies. Zone Americas (AMS) \t5.1% organic growth: 4.7%\u00a0RIG; 0.4% pricing. \tNorth America maintained mid-single-digit organic growth, with strong RIG\u00a0and negative pricing. \tLatin America reached high single-digit organic growth, with positive\u00a0RIG\u00a0and pricing. Organic growth was 5.1%, supported by robust\u00a0RIG\u00a0of 4.7%. Pricing increased to 0.4%. Divestitures reduced sales by 5.7%, largely related to the divestment of the\u00a0U.S. ice cream business. Foreign exchange had a negative impact of 8.9%, reflecting broad-based currency depreciation against the Swiss franc, particularly in Latin America. Reported sales in Zone\u00a0AMS\u00a0decreased by 9.5% to\u00a0CHF\u00a025.0 billion. North America maintained a mid-single-digit growth rate, with strong RIG\u00a0in most product categories. The largest growth contributor was\u00a0Purina\u00a0PetCare, with sustained momentum in e-commerce and premium brands.\u00a0Purina Pro Plan, Purina ONE, veterinary products and supplements all grew at a double-digit rate. The beverages category posted double-digit growth, with strong demand for Starbucks at-home products,\u00a0Coffee mate\u00a0and\u00a0Nescaf\u00e9. Frozen food reported high single-digit growth, supported by\u00a0DiGiorno\u00a0and\u00a0Stouffer's.\u00a0Lean Cuisine\u00a0returned to positive growth in the third quarter, supported by innovations and the successful launch of\u00a0Life Cuisine. Home-baking products, including\u00a0Toll House\u00a0and\u00a0Carnation, grew at a strong double-digit rate. Water reported a sales decrease. Growth recovered to almost flat in the third quarter, led by\u00a0S.Pellegrino\u00a0and\u00a0Perrier. Nestl\u00e9 Professional saw negative growth, with some improvement in the third quarter. Latin America reached high single-digit growth, with broad-based contributions across geographies and most product categories. Brazil saw double-digit growth. Most brands contributed strongly, particularly\u00a0Ninho, NAN\u00a0and\u00a0Nescaf\u00e9. Chile continued to see high single-digit growth, led by dairy and ice cream. Mexico reached mid-single-digit growth in the third quarter, supported by La Lechera\u00a0and\u00a0Nescaf\u00e9. By product category, the key growth platforms were dairy,\u00a0Purina\u00a0PetCare, culinary and coffee. Growth in confectionery turned positive, with strong sales development in Brazil and Chile in the third quarter. Nestl\u00e9 Professional saw negative growth. The decline in sales was more limited in the third quarter, particularly for food products. Zone Europe, Middle-East and North Africa (EMENA) \t2.9% organic growth: 3.3%\u00a0RIG; -0.4% pricing. \tWestern Europe saw low single-digit organic growth with solid\u00a0RIG, partially offset by negative pricing. \tCentral and Eastern Europe had mid-single-digit organic growth, with strong RIG\u00a0and negative pricing. \tThe Middle East and North Africa posted low single-digit organic growth, entirely driven by pricing. Organic growth reached 2.9%, with robust\u00a0RIG of 3.3%, supported by favourable mix. Pricing decreased by 0.4%. Divestitures reduced sales by 1.7%, largely related to the divestiture of the Herta charcuterie business. Foreign exchange negatively impacted sales by 6.2%. Reported sales in Zone\u00a0EMENA\u00a0decreased by 5.0% to\u00a0CHF\u00a015.0 billion. Zone\u00a0EMENA reported mid-single-digit growth in the third quarter. Each region posted positive growth, with strong momentum in Russia, the United Kingdom and France. The Zone saw continued broad-based market share gains, particularly in coffee and\u00a0Purina\u00a0PetCare, as well as vegetarian and plant-based food products. By product category, coffee,\u00a0Purina\u00a0PetCare and culinary products grew at a double-digit rate. Coffee was supported by strong momentum for\u00a0Nescaf\u00e9\u00a0and Starbucks products. In PetCare,\u00a0Felix, Purina Pro Plan\u00a0and\u00a0Tails.com\u00a0were the key growth drivers, with strong demand in e-commerce and specialist channels. Culinary saw elevated demand, particularly for\u00a0Maggi\u00a0and plant-based products.\u00a0 Garden Gourmet\u00a0continued to expand its offering, including further upgrades to the\u00a0Sensational Burger\u00a0and the introduction of\u00a0Sensational Vuna, a plant-based alternative to tuna. Infant nutrition posted positive growth. Russia saw increased sales momentum, with\u00a0NAN\u00a0gaining market leadership. Growth in confectionery was almost flat, turning positive in the third quarter based on strong sales development in France and the United Kingdom. Water and Nestl\u00e9 Professional reported negative growth, with declines moderating in the third quarter. Zone Asia, Oceania and sub-Saharan Africa (AOA) \tFlat organic growth: -0.2%\u00a0RIG; 0.2% pricing. \tChina posted a decline in organic growth, with negative\u00a0RIG\u00a0and pricing. \tSouth-East Asia saw mid-single-digit organic growth, with positive RIG\u00a0and pricing. \tSouth Asia reported mid-single-digit organic growth, with positive RIG\u00a0and pricing. \tSub-Saharan Africa recorded double-digit organic growth, led by strong\u00a0RIG\u00a0and positive pricing. \tJapan, South Korea and Oceania saw slightly positive organic growth. Positive\u00a0RIG\u00a0was partially offset by negative pricing. Organic growth was flat, with\u00a0RIG\u00a0of -0.2% and pricing of 0.2%. Foreign exchange reduced sales by 6.7%. Reported sales in Zone\u00a0AOA\u00a0decreased by 6.7% to\u00a0CHF\u00a015.3 billion. Organic growth in the Zone reached 4.5% in the third quarter. China saw negative growth, turning positive in the third quarter. Coffee, culinary and ice cream all delivered positive growth, with sequential quarterly improvements. The contraction in Wyeth infant formula sales continued to moderate. The roll-out of the locally produced\u00a0Belsol\u00a0brand is on track. Infant cereals and\u00a0Purina\u00a0PetCare both grew at a double-digit rate. Nestl\u00e9 Professional reported a sales decrease, with growth recovering to almost flat in the third quarter. Strong momentum in e-commerce continued, driven by\u00a0Nescaf\u00e9, Starbucks products and dairy. South-East Asia maintained mid-single-digit growth. Sales in the Philippines grew at a double-digit rate, with elevated consumer demand for Bear Brand, Milo\u00a0and\u00a0Maggi. Indonesia delivered high single-digit growth, led by\u00a0Bear Brand, Dancow\u00a0and\u00a0Milo. South Asia continued to perform well. India posted strong mid-single-digit growth, with good momentum in Maggi, Nescaf\u00e9\u00a0and\u00a0KitKat. Sub-Saharan Africa grew at a double-digit rate, with strong growth across most markets. Growth in Japan, South Korea and Oceania was slightly positive. Oceania reported strong growth across most product categories, particularly in coffee and confectionery. Japan saw a decline in sales, with some improvement in the third quarter.\u00a0KitKat\u00a0sales declined in Japan, impacted by a reduction of inbound tourists. By product category, the largest contributions to growth came from dairy, culinary, coffee and\u00a0Purina\u00a0PetCare. In coffee, consumer demand for Starbucks products remained strong. Infant nutrition continued to perform well outside of China. Nestl\u00e9 Professional and confectionery posted negative growth, with improved sales development in the third quarter. Other Businesses \t7.4% organic growth: 6.8%\u00a0RIG; 0.6% pricing. \tNespresso reported mid-single-digit organic growth, with positive RIG\u00a0and pricing. \tNestl\u00e9 Health Science saw double-digit organic growth, entirely driven by\u00a0RIG. Organic growth of 7.4% was based on strong\u00a0RIG\u00a0of 6.8% and pricing of 0.6%. Divestitures reduced sales by 24.0%, largely related to the divestment of Nestl\u00e9 Skin Health. Foreign exchange negatively impacted sales by 6.1%. Reported sales in Other Businesses decreased by 22.7% to\u00a0CHF\u00a06.7 billion. Nespresso grew at a mid-single-digit rate, with broad-based sales improvement in the third quarter. E-commerce and the Vertuo\u00a0system were the largest contributors to growth. The Americas and\u00a0AOA\u00a0saw double-digit growth, with continued market share gains in North America. Growth in Europe turned positive in the third quarter, with the reopening of boutiques and strong momentum in e-commerce. In September, Nespresso committed to achieving carbon neutrality across its supply chain and product lifecycle by 2022. This ambition builds on more than a decade of work to reduce emissions and will make every cup of Nespresso carbon neutral by 2022. Nestl\u00e9 Health Science posted double-digit growth, supported by strong momentum for consumer and medical nutrition products. Demand for vitamins, minerals and supplements that support health and the immune system remained high.\u00a0Garden of Life\u00a0and\u00a0Pure Encapsulations saw strong growth, particularly in e-commerce. Healthy-ageing products grew at a double-digit rate, supported by\u00a0Boost\u00a0in North America and\u00a0Nutren\u00a0in Brazil. Medical nutrition grew at a high single-digit rate, led by food allergy and adult medical care products. Business as a force for good: Driving systemic change to solve the problem of packaging waste Nestl\u00e9 is taking a leadership role in making packaging sustainable while maintaining food safety and quality. We committed to making 100% of our packaging recyclable or reusable by 2025 and to reduce our use of virgin plastics by one-third in the same period. So far, 87% of our total packaging and 66% of our plastic packaging is recyclable or reusable. Our work now focuses on five pillars: \tReducing our use of packaging material in general, and virgin plastics in particular. \tScaling reusable and refillable systems to eliminate the need for disposable packaging. \tPioneering alternative packaging materials, in particular, to facilitate recycling. \tSupporting infrastructure that helps to shape a waste-free future. \tDriving new behaviour in our own operations as well as with consumers, retail partners and suppliers. Recent progress includes the following examples: \tNestl\u00e9 achieved plastic neutrality in the Philippines in August. That means we collected and co-processed as much plastic as we sold. We aim to achieve the same in another 11 countries, which, together with the Philippines, account for over 10% of Nestl\u00e9's plastic usage and often lack formal waste management systems. \tPurina PetCare recently launched recyclable flexible plastic packaging for wet pet food, the first of its kind in the pet food industry. It addresses the key challenge of simplifying plastic structures to make them recyclable, without compromising on the functionalities and safety of food-grade packaging. \tTo support the shift from virgin plastics to food-grade recycled plastics in the United States, we made an investment of\u00a0USD\u00a030 million in the Closed Loop Leadership Fund. This is part of our\u00a0CHF 2 billion commitment to boost the market for food-grade recycled plastics. While we are making meaningful progress in sustainable packaging, we know that more needs to be done. Our ambition is to create a circular economy in which we eliminate waste and reuse the resources we already have. We are working with governments, non-governmental organizations and companies outside our own industry to help drive progress. As part of this effort, we have signed up to the World Wildlife Fund's initiative requesting a\u00a0UN\u00a0Treaty on Plastic Pollution. The manifesto calls on the United Nations member states to harmonize regulatory standards, mandate the development of national targets and action plans, define common metrics and methodologies, and support innovation and infrastructure development. As the world's largest food and beverage company, Nestl\u00e9 is committed to putting our size and scale to work to tackle the packaging waste problem globally. Nestl\u00e9 will not stop until solutions are found. Outlook Full-year guidance for 2020 updated. We expect full-year organic sales growth by around 3%. The underlying trading operating profit margin is expected to improve. Underlying earnings per share in constant currency and capital efficiency are expected to increase.