The world’s largest food group, Nestlé, has announced that its sales for the first quarter were up by 6.5 per cent compared with last year at SFr26.3 billion ($24.5 billion).This content was published on April 22, 2010 - 14:49
The company said it was confident about prospects for the rest of 2010 as the economic recovery began to make itself felt.
First-quarter revenues were higher than analysts’ expectations and included real internal growth of 4.8 per cent.
Nestlé, which has a stable of brands that include Nescafé and Nespresso coffee, Gerber baby food and Perrier mineral water, said in a statement that growth was achieved in all its regions and categories.
It repeated its targets for better sales and profit margin growth for the year as a whole.
“Our strong sales performance in the first quarter confirms we are capturing opportunities in our different growth pillars, both in emerging and developed markets, even in a global economic environment which remains challenging,” commented chief executive Paul Bulcke in a statement.
The group, which is based in Vevey in western Switzerland, made a 2009 net profit of SFr10.43 billion.
swissinfo.ch and agencies
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