The Swiss-based food and beverage giant, Nestlé, has turned in a solid performance for 2009 and expects to see higher growth in 2010.
Nestlé, whose brands include Nescafé coffee, Gerber baby food, Purina pet food and Perrier mineral water, announced sales of SFr107.6 billion ($99.2 billion), which represents organic growth of 4.1 per cent.
Organic growth is the growth rate that a company can achieve by increasing output and enhancing sales, but it excludes mergers and acquisitions.
Operating profit came in at SFr15.7 billion, while net profit was SFr10.43 billion.
“With organic growth of 4.1 per cent achieved in last year’s challenging environment, we were able to grow substantially faster than our industry,” commented Nestlé chief executive Paul Bulcke.
“We stepped up investment in our brands and the pace of our innovation, adapted our products to the changing needs of consumers and further accelerated efficiencies.”
swissinfo.ch and agencies