Nestle unveils 2017 sales growth

Nestle factory Dalston
Nestle factory Dalston
Thursday, April 20, 2017 at 8:13AM

Swiss food giant, Nestle has revealed growth for the first three months of the year in its latest results.

The company, which has operations in Dalston near Carlisle, has reported a sales increase of 0.4 per cent from £16.34bn (20.9bn swiss francs) to £16.42 (21bn swiss francs).

The firm’s organic growth rose by 2.3 per cent, with 1.3 per cent coming from real internal growth and pricing increases of 1 per cent.

The food giant’s organic growth was strongest in emerging markets, reaching 4.3 per cent.

Nestlé chief executive, Mark Schneider, said: "Organic growth of 2.3% this quarter is within our full-year guidance range.

“The leap year comparison and other seasonal effects made the start of this year particularly challenging.

“We were encouraged by the growth in Asia and the resilience of consumer spending in Europe.”

He added: “Consumer demand in the Americas remained soft. Our pricing improved moderately.

“We confirm our 2017 guidance and have made good progress with our growth and efficiency projects to position our company for enhanced value creation."

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