Nestle outlook is bright

Nestle has announced sales of CHF67.7 billion for the food and beverage group worldwide during the first nine months of 2005. The 5.6% organic growth across food and beverage was due to the successful extension of distribution beyond the traditional supermarket grocery channel.

Peter Bra-beck-Letmathe, chairman and CEO of Nestle said,“The acceleration in our core food and beverage operations was broad-based and together with the excellent performance of Alcon (laboratories).

The organic growth of all product categories accelerated as compared to the first half, except for petcare, which remained practically unchanged at 5.2%. Beverages enjoyed 7.8% organic growth largely due to the strong performance of water soluble coffee. Milk products, nutrition and ice cream grew by 5.5% with shelf-stable dairy nearing double-digit organic growth. Prepared dishes and cooking aids saw organic growth of 4.2%. The chocolate business did well in the Americas and in AOA but was held back in Russia owing to the restructuring of the distribution network

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