Nestle insists growth lies ahead
Analysts have downplayed concerns over Nestle's first-half performance, despite a 2% drop in profits.
Nestle CFO Jim Singh said today (12 August) that he anticipates an improvement in the performance of the company's European businesses, as competitive pressures in the region ease.
Nestle, the world's largest food group, posted a 3.5% increase in first-half organic sales this morning (12 August), missing consensus expectations of 3.9%.
Nestle, the world's largest food maker, is expected to reveal that sales growth has slowed in the first half of the current fiscal year when it reports its results tomorrow (12 August).