Nestlé Waters maintained its recent trend of acceleration and achieved share gains in many key markets including the United States, France, Switzerland and the UK.
The business grew in both Europe and North America and achieved double-digit organic growth in the emerging markets with particularly strong performances in Asia and the Middle East, Brazil and Mexico. The whole portfolio contributed, with the premium brands, Perrier and S. Pellegrino, enjoying high single-digit organic growth, and the value-priced brand, Nestlé Pure Life, achieving mid-teens organic growth.
Talking about the whole of the Nestlé group results, CEO Paul Bulcke said: “Our performance is the result of clear strategic alignment and focus on execution throughout the whole organisation, both in developed and in emerging markets. Our ongoing efforts on the cost side combined with increased investment in our brands, innovation, capabilities and people have, as previously stated, prepared us well for the second half. Indeed, the first half’s growth momentum continued unabated in the third quarter, providing a good base for the full year as we face challenging comparatives in the final quarter. We therefore reconfirm that our Food and Beverages business will achieve organic growth of around 5% combined with an increase in EBIT margin in constant currencies for 2010 as a whole.”
Source: Nestlé SA
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