Arab Today, arab today nestle growth slips as emerging markets slow
Last Updated : GMT 21:02:56
Arab Today, arab today
Arab Today, arab today

Nestle growth slips as emerging markets slow

Arab Today, arab today

Arab Today, arab today Nestle growth slips as emerging markets slow

Zurich - AFP

The Swiss group Nestle, the world's leading food industry group, released on Thursday first-quarter sales figures that missed analysts' forecasts as growth slowed in emerging markets. In the first three months of the year, Nestle's sales rose by 5.4 percent to 21.9 billion Swiss francs (18 billion euros, US$23.6 billion), a statement said. Nestle 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 Swiss francs in sales. "The start to the year reflects the caution we expressed in February," Nestle 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 5.0 and 6.0 percent. The price of shares in the group fell by 1.1 percent to 63.60 Swiss francs in morning trading on a Swiss stock exchange that was down by 0.2 percent overall. Nestle 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 Nestle 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 Swiss francs, while in Europe they were just 1.5 percent stronger at 3.7 billion francs, owing in part to a slow-down in France at the beginning of the year.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nestle growth slips as emerging markets slow Arab Today, arab today nestle growth slips as emerging markets slow

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday