• Switzerland's news in English

Higher Nestlé sales fall short of expectations

AFP · 18 Apr 2013, 13:06

Published: 18 Apr 2013 13:06 GMT+02:00

Facebook Twitter Google+ reddit

In the first three months of the year, Nestlé's sales rose by 5.4 percent to 21.9 billion francs ($23.6 billion) from the same period a year earlier, the company said on Thursday in a statement.
Nestlé said the figures showed that the group was in line to perform as 
expected in 2013, but analysts polled by financial news agency AWP felt they were a disappointment, given expectations of 22.5 billion francs in sales.
"The start to the year reflects the caution we expressed in February," 
Nestlé chief executive Paul Bulcke was quoted as saying.

The maker of Nespresso capsules, among many other things, said it had recorded organic growth of 4.3 percent during the first quarter, missing its long-term objective of between five and six percent.
The price of shares in the group fell by 1.1 percent to 63.60 francs 
in morning trading on a Swiss stock exchange that was down by 0.2 percent overall.
Nestlé noted "contrasting trading conditions across different regions," 
with robust 8.4-percent growth in emerging markets, but just 0.9 percent growth in developed markets.
All was not rosy in emerging markets however, Nestle acknowledged, as 
"events in the Middle East were disruptive," with the destruction of a plant in Syria that had served several markets in the region.
"There was some softening in certain markets, especially in comparison to 
the first quarter of 2012," it added.
The group's head of investor relations, Roddy Child-Villiers, told a 
telephone conference that sales of Nespresso were no longer growing as quickly owing to stiffer competition in the coffee capsule market, especially in Switzerland.
But Nestlé was also able to highlight good performances in China, as well 
as in Turkey, parts of Africa and Indonesia.
In the United States, the group's main market, sales grew by 5.3 percent to 
6.6 billion francs, while in Europe they were just 1.5 percent stronger at 3.7 billion francs, owing in part to a slowdown in France at the beginning of the year.

Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
Montreux throws hat in Olympic rings
Could Montreux host the 2026 Games? Photo: Ivo Scholz/Swiss Tourism

Montreux is to put itself forward as the host city for the 2026 winter Olympics as part of a potential bid by the cantons of Valais and Vaud.

Geneva car share scheme could help reduce city traffic
Catch a Car is aimed at short hops within a city. Photo: Catch a Car

Catch a Car, already in Basel, launches in Geneva next month.

Swiss women will ‘work for free’ for the rest of year
Female employees in Switzerland earn 19.3 percent less than their male colleagues. File photo: Randy Kashka

Switzerland's gender pay gap means from today, Friday October 21st, women in the country will effectively be working for free for the rest of 2016.

Swiss luxury watches stolen in Paris raid
Police outside the Girard-Perregaux watch store on Thursday. Photo: Bertrand Guay/AFP

The 10 Girard-Perregaux watches are worth half a million euros in total.

Brother-in-law arrested over murder of Swiss teacher
The victim worked in a school in Stabio, near the town of Mendrisio. Photo: Oliver Graf

The primary school teacher was found dead in Ticino earlier this week.

Inside Switzerland’s largest nuclear bunker – 40 years on
Designed to house 20,000 people, the bunker was built in and over two motorway tunnels. Photo: Unterirdisch Ueberleben

The Local takes a tour of the Sonnenberg bunker in Lucerne, opened 40 years ago at the height of the Cold War.

Ten Swiss ski resorts named most expensive in Europe
File photo: Renato Bagattini/Swiss Tourism

Skiers in Switzerland pay the highest prices for their ski passes of anywhere in Europe, according to research.

Eco group fights Bern over wind farm plans
There are currently more than 30 wind farms in Switzerland. Photo: Alpiq

Wind turbines are “gigantic and destructive” machines, says Paysage Libre Suisse.

Vegan wins battle to be accepted by Swiss army
Antoni Da Campo will now carry out his military service. Photo: Antoni Da Campo

A Swiss man who was told he would not be accepted for military service because of his strict veganism has finally succeeded in making the army change its mind.

Geneva terror suspects to receive compensation
File photo: Emran Kassim

The Swiss public prosecutor has dropped the case against them.

Sponsored Article
How to vote absentee from abroad in the US elections
Photo: Richard Juilliard/AFP
Man makes Geneva airport bomb threat ‘for a joke’
Sponsored Article
Last chance to vote absentee in the US elections
Photo: AFP
Solar Impulse team reveals plans for unmanned plane
File photo: Martin Abegglen
Swiss to vote on passport rules for 3rd gen foreigners
Sponsored Article
How to vote absentee from abroad in the US elections
Photo: AFP
Swiss wingsuit hotspot Lauterbrunnen won’t impose ban
Photo: Swiss Tourism
Six reasons Switzerland isn’t as boring as you might think
Photo: Swiss Tourism
Report: Switzerland one of world’s best places for girls
Photo: The Local
Thief returns Swiss cow bells worth thousands
File photo: Wikimedia Commons
One in three rapists isn’t locked up: statistics
Photo: activistin.ch
Tampon-tax protest turns Zurich fountains red
Photo: AFP
Geneva police to lift ban on bearded officers
Photo: Marcel Gillieron/AFP
Suicide chef’s restaurant keeps Michelin stars
Photo: Lara de Salis
11 things the Swiss get tired of hearing abroad
Photo:  Ivo Scholz/Swiss-image.ch
Survey: expats in Switzerland have money but few friends
Photo: AFP
Swiss press criticize Bern’s 'capitulation' on immigration
Photo: Jura Trois Lacs tourism
German ex-policeman is Swiss city’s new hermit
Photo: Dmitry A. Mottl
Ticino votes to favour local workers over foreigners
Photo: file
Some deodorants could cause breast cancer: Swiss study
Photo: Royal Savoy
In pictures: Inside the latest Swiss luxury hotel
Photo: AFP
Geneva airport bomb hoaxer faces 90,000-franc bill
Photo: Schaffhausen police
Mother leaves toddler son alone in car to go clubbing
Photo: Fabrice Coffrini/AFP
Swiss populist attacked by knife-wielding pensioner
Photo: File
Bern argues over passports for 3rd generation foreigners
Photo: Broad Bean Media
Muslim pupils must shake hands – ‘no ifs and buts’
jobs available