Nestle Boosts Sales in First Quarter
April 17, 2015 9:59 amVideo
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Packaged food firm Nestle (NESN.VX) today announced improved sales figures for the first quarter, boosted by and increase in both prices and volume.
Sales rose 4.4% year on year, coming in slightly better than analyst estimates of 4.3%. Sales for the period rose 0.5% to $20.9Bln although the company notes that currency exchange rates have decreased this value by 4.5%.
Nestle (NESN.VX) still say they expect to grow sales 5% this year after 2014 proved a difficult year for food producers with sluggish growth in both developed and emerging markets.
Shares in Nestle (NESN.VX) were trading flat this morning around 77p.
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