Published: 18 Oct 2012 10:08 GMT+02:00 | Print version
Updated: 18 Oct 2012 10:08 GMT+02:00
The world's biggest food company Nestlé reported on Thursday an 11-percent rise in sales during the first nine months of the year to 67.6 billion francs ($73.1 billion), and confirmed its full-year guidance.
The group said in a statement it had grown "in line with our expectations" during the January-September period.
The company had achieved 11.7-percent organic growth in emerging markets amid an improved product range.
In "intensely competitive developed markets," it had meanwhile managed to grow 2.4 percent, "in spite of a general economic malaise and low levels of consumer confidence," company chief executive Paul Bulcke said in the statement.
"Our continued momentum in real internal growth, combined with some easing of input cost pressures, allows us to confirm our full-year outlook," he said.
The Swiss company said it expected to achieve between 5.0 and 6.0 percent organic growth this year, as well as "improved margin and underlying earnings per share in constant currencies."
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Foreign banks based in Switzerland called on Monday for a rapid resolution of a dispute with Washington over Swiss banks' role in tax evasion by Americans, warning the prolonged uncertainty was putting entire financial institutions at risk. READ () »
The Swiss federal government wants the OECD group of industrialized nations to broker a global deal on the exchange of information about people who bank their cash outside their homeland. READ () »
Swiss researchers said Monday they have created a small four-legged, high-speed robot that runs like a cat in a bid to create a new breed of automated devices for use in search and rescue operations. READ () »
Swiss-Swedish engineering giant ABB on Monday named the head of its Discrete Automation and Motion (DM) division, Ulrich Spiesshofer, as its new chief executive after Joe Hogan announced last month he would step down. READ () »
Almost one in six Swiss residents suffers from symptoms of depression, an illness that costs Switzerland’s economy an estimated 11 billion francs a year, a report released on Monday says. READ () »
Questions are being raised anew about the safety of a level crossing in a Fribourg village after an eight-year-old boy was killed by a train near the same spot where his uncle died in 2004. READ () »
Swiss President Ueli Maurer says Switzerland is prepared to launch a criminal investigation against American spy Edward Snowden if concrete proof of his activities in the Alpine country is confirmed. READ () »
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