Arab Today, arab today nestle growth slips as emerging markets slow
Last Updated : GMT 15:51:18
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.

arabstoday
arabstoday

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

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 France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
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