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Nestlé announces ‘strong Q1 sales’
In the first quarter of 2010, Nestlé’s organic growth stood at 6.5%, including real internal growth of 4.8%.
Foreign exchange impacted sales by –2.7%, while acquisitions, net of divestitures, added 0.6%. Overall, group sales increased by 4.4% to CHF 26.3bn.
Food and Beverages’ organic growth reached 6.1%, including real internal growth of 4.5%. Foreign exchange impacted Food and Beverages’ sales by –2.6%, while acquisitions, net of divestitures, added 0.7%. Overall, Food and Beverages’ sales were up 4.2% to CHF 24.3bn.
The organic growth of Nestlé Food and Beverages was 4.6% in the Americas, 5.1% in Europe and 11.2% in Asia, Oceania and Africa. This confirms the momentum gathered in the latter part of 2009, with all regions contributing.
Western Europe and other developed markets’ growth accelerated, while the group’s emerging markets achieved over 10% organic growth, with a particularly strong performance in BRIC countries and a sustained contribution from our popularly positioned products, providing affordable, nutritious products for emerging consumers.
Highlights
- Group: sales of CHF 26.3bn, 6.5% organic growth, 4.8% real internal growth.
- Food and Beverages: sales of CHF 24.3bn, 6.1% organic growth, 4.5% real internal growth.
- Positive contributions from all regions and categories.
- Full-year outlook confirmed: Food and Beverages business’ organic growth higher than in 2009 combined with an Ebit margin improvement in constant currencies.
Read the full Nestlé press release at this link.
Source: Nestlé
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