SWITZERLAND: Nestlé posts 4.5% growth in H1 | Progresiv

Swiss food giant Nestlé has posted organic sales growth of 4.5% in the first half of the year, driven by 1.7% internal growth and 2.8% pricing. Nestlé revealed that it posted total sales of 42.8 billion Swiss Francs in the period, which were impacted by the effect of foreign exchange rates (-5.8%). In Europe, the Middle East and North Africa, the group saw growth of 3.4%, posting double that (6.6%) in the Americas.

“The first half results were in line with our expectations, broad-based across categories and geographies, solid even in difficult circumstances, and consistent with our strong performance over time,” said Paul Bulcke, Nestlé chief executive.

For the full year, Nestlé said it was eyeing organic growth of around 5%. (www.esmmagazine.com)