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Emerging markets boost Nestle sales


Emerging markets boost Nestle sales


Nestle’s sales growth in the first nine months of the year rose by a better-than-expected five point seven percent.

The world’s biggest food group credited strong demand in emerging markets with major growth in baby-food sales in Russia, Brazil and China.

It also increased prices in its largely emerging markets dairy business to offset the higher cost of milk, the host summer boosted bottled water sales prices and profits increased from its thriving Nespresso coffee business.

The Swiss firm confirmed its sales growth and margin outlook for 2010 despite worries about higher commodity prices and the impact of European austerity plans on consumption levels.

“The first half’s growth momentum continued unabated in the third quarter, providing a good base for the full year,” Chief Executive Paul Bulcke said in a statement. The group added it would only give a 2011 outlook at its results in February.

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