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Nestle posts 11pc growth in sales

Thursday, October 18 09:37:03

The world's biggest food and drink company Nestle, saw sales rise to 67.6 billion Swiss francs for the nine months to September, up from 60.9 billion francs the same time last year. The company reported 11.7pc growth in emerging markets and 2.4pc growth in developed markets. The maker of Nescafe and Haagen-Dazs said it expects organic sales growth of 6.1pc this year and 2.9pc internal growth

Nestle chief executive Paul Bulcke attributed the success in less-developed markets to the company "expanding our routes to market and enhancing our product offerings." But he noted that Nestle also managed to grow in "the intensely competitive developed markets in spite of a general economic malaise and low levels of consumer confidence." With that success and lowered costs for its raw materials, Nestle's "continued momentum in real internal growth, combined with some easing of input cost pressures, allows us to confirm our full-year outlook," he added.