Wolfgang Reichenberger, chief financial officer of Swiss food giant Nestlé, revealed earlier today [Wednesday] that the firm has no intention to lower its profit margins in order to achieve its full year target of 4% sales growth.
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Nestlé’s real internal growth (RIG), a marker that ignores currency and acquisition effects on sales, was below the firm’s target at 3.5% for its H1.
Reichenberger told Reuters however: “We still aim for 4% [in 2002, but] if it comes to a point that we can only achieve it through reducing our margins we would not do it.”
