Navigation

Rising demand boosts Nestlé sales

nestle logo Keystone

The world's largest food company, Nestlé, is upbeat about the prospects for sales and profits this year, following strong nine-month results.

This content was published on October 20, 2000 - 10:15

The world's largest food company, Nestlé, is upbeat about the prospects for sales and profits this year, following strong nine-month results.

Nestlé announced on Tuesday that sales for the nine months reached SFr59.5 billion ($33 billion), up 9.5 per cent over the same period last year.

In a statement from its headquarters at Vevey on Lake Geneva, Nestlé said the sales figures confirmed the generally good prospects for the full year 2000.

It added that at comparable structure and constant exchange rates, sales growth amounted to 4.9 per cent.

Real internal growth at the end of September stood at 4.2 per cent.

Nestlé said that European sales were strongly affected by the divestiture of Findus, with annual sales of about SFr900 million, as well as by the weakening of the euro against the Swiss franc.

Sales in the Americas benefited from exceptionally strong performance in Mexico and a recovery in most Latin American economies. Asia, Oceania and Africa registered continuing good growth in most areas.

Nestlé said that most product groups performed well, with particularly strong growth in soluble coffees in East Europe, Asia and Latin America.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

Comments under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Join the conversation!

With a SWI account, you have the opportunity to contribute on our website.

You can Login or register here.