SWITZERLAND: Nestlé reports sales up 6% in first nine months of year
Swiss food titan Nestlé today [Thursday] reported sales up 6% to SFr66.2bn (US$43.9bn), in line with forecasts in the first three quarters of the year. The company was keen to point out that exchange rates had exercised a negative impact of 7.3% during the period. In a statement to the press, the company stated that if the impact of exchange rate fluctuation was stripped out, sales could be said to have risen by 13.3%. At comparable structure and at constant exchange rates, Nestlé said, sales grew 4.8%, composed of real internal growth of 3.4% and price increases of 1.4%.
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