Nestlé posts better than expected sales growth
Malcolm Curtis · 17 Apr 2015, 10:57
Published: 17 Apr 2015 10:57 GMT+02:00
- Swiss group Nestlé posts huge profits for 2014 (19 Feb 15)
- Chirpy robots to sell Nescafé to Japanese (01 Dec 14)
- Nestlé celebrates 200th birthday of founder (11 Aug 14)
The company that markets Nespresso capsules, KitKat bars and Perrier water also confirmed it expected around five percent growth this year.
It said sales rose 0.5 percent to 20.9 billion francs ($21.8 billion), adding that currency exchange rates, especially the
strong Swiss franc, trimmed reported sales by 4.5 percent.
But organic sales — the benchmark of Nestle's performance — rose 4.4 percent, higher than the 4.1 percent forecast by analysts polled by the Swiss financial news service AWP.
"Our three-month sales growth was in line with expectations and driven by both real internal growth and pricing," Nestle chief Paul Bulcke said.
Sluggish 2014 sales in Asia, Africa and North America continued into the beginning of this year, a situation Bulcke pledged to rectify.
"We continued our efforts to restore momentum... and expect these initiatives to gain traction throughout the year," he said.
"Our full-year outlook is confirmed: we aim to achieve organic growth of around five percent with improvements in margins, underlying earnings per share in constant currencies and capital efficiency."