Swiss food giant Nestlé has said its first-quarter sales increased 3.5% and it expects to report positive results as the year progresses.

Nestlé said consolidated first-quarter sales were CHF20.4bn (US$15.5bn), compared to CHF19.7bn in the year-ago period. Organic growth improved to 5.1%, with real internal growth of 3.4%, the company said. Divestments, net of acquisitions, reduced reported sales by 1.3%, reflecting mainly the sale of the low-margin beverage distribution business Trinks in Germany. The negative foreign exchange impact was only 0.3%.

CEO Peter Brabeck said the best-performing product units included coffee, milk products, nutrition and ice cream.

Nestlé said it continues to look forward to the coming months with “cautious optimism” and it expects the improving economic climate in several regions to benefit consumer confidence.

“The group in 2004 is again focused on further margin and cash flow improvement and, barring major unforeseen events, Nestlé expects to be able to report positively as the year progresses,” the company said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.