Swiss bakery group Hiestand has reported a 20.1% rise in sales in the first nine months of 2004 to CHF292.8m (US$244.4m).

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The company said it is confident that it will achieve its 2004 targets and may even exceed them, reported Reuters. Hiestand expects an 18% rise in full-year sales for 2004.


For the full-year 2003, the company reported a 10% rise in sales to CHF332m.

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