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April 25, 2005

SWITZERLAND: Nestlé sales up in Q1, set to reach year’s targets

Nestlé sales in the first quarter of 2005 were up and on target to reach the company’s full year goals it said today (Monday).

Nestlé sales in the first quarter of 2005 were up and on target to reach the company’s full year goals it said today (Monday).

Total sales in January-March 2005 were 20.464bn Swiss francs (US$17.3bn) compared with 20.409bn francs a year ago. Real internal growth was 2.6% while organic growth was 4.6% the company said

“Our satisfactory first quarter growth is in line with our expectations. It allows me to confirm our full-year organic growth target of between 5% and 6%, said chairman and CEO Peter Brabeck-Letmathe “While the first quarter, as expected, still showed some upward pressure in raw material prices, we were able to compensate this through price increases. I therefore believe that we will be able to reach our target of an improved constant-currency EBITA margin for the full year.”

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