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Nestle forecasts 20% sales growth

Business | FMCG/food
2009-8-20

NESTLE SA, the world's largest food company, expects sales in China to grow close to 20 percent annually over the next few years with a limited impact from the global financial crisis, Patrice Bula, chairman and chief...

Nestle profit sours in first half

Business | FMCG/food
2009-8-13

NESTLE SA, the world's biggest food and drink maker, reported yesterday a 2 percent fall in first-half net profit as the recession hurt consumer demand and divestments and a stronger Swiss franc weighed on sales. ...

Nestle sees low rise in revenue

Business | FMCG/food
2009-2-20

NESTLE SA, the world's largest food company, said revenue growth will likely be at the low end of its target range this year as worsening economies make it tougher to push price increases on to consumers. The...

Weaning and weight loss will boost Nestle

Business | FMCG/food
2008-11-29

NESTLE SA, the world's biggest food company, said its Jenny Craig weight loss brand and Cerelac weaning formula may reach sales of 1 billion Swiss francs (US$834 million) each in coming years. Nestle will gradually...

Nestle airs plan to boost sales

Business | FMCG/food
2008-9-2

NESTLE SA, the world's largest food company, said yesterday that it aimed to add 1 billion Swiss francs (US$909 million) to sales by 2011 from expansion in central and eastern Europe. Those countries should...

Nestle result provides food for thought

Business | FMCG/food
2008-8-8

NESTLE SA yesterday reported a 6.1-percent growth in first-half net profits despite rising costs for transportation and raw materials. The world's biggest food-and-drink company said it earned 5.21 billion Swiss...

Weak economy hits Nestle unit

Business | FMCG/food
2008-6-20

NESTLE SA, the world's largest food company, said increase in sales at its Jenny Craig weight-management unit has slowed in recent months as United States consumers cut spending. "We've had a very, very strong...

Nestle vows to keep prices down

Business | FMCG/food
2008-6-16

SWISS food giant Nestle SA is unlikely to raise sales prices further in the near term as costs of many ingredients have already peaked, its chairman said yesterday. "You are now seeing the impact of price increases...

Sales boom forecast despite soaring commodity prices

Business | FMCG/food
2008-3-14

NESTLE SA, the world's largest food company, raised its sales forecast for this year because of price increases and higher shipments of Easter chocolate. The shares jumped the most since August. Revenue growth,...

Nestle on profit track after cost cuts

Business | FMCG/food
2008-2-26

Nestle SA, the world's largest food company, said yesterday it is saving an average of one billion Swiss francs (US$919 million) a year from cheaper distribution and supplies. "Businesses need to 'earn the...