Nestlé aiming for 4% growth

- Last updated on GMT

Related tags: United states

Nestlé, the Swiss food company, announced at the weekend that it is
committed to maintaining its real internal sales growth target of
at least 4 per cent...

Nestlé, the Swiss food company, announced at the weekend that it is committed to maintaining its real internal sales growth target of at least 4 per cent a year even though the global food industry is growing by no more than 2.5 per cent a year, the Financial Times reported today. The company has decided to withdraw gradually from slow-growing agribusinesses and move into faster-growing nutrition and well-being products. In the first nine months of 1999 Nestlé had a real internal growth rate of 4.2 per cent compared with 4.5 per cent in the first half. The growth was driven by a strong recovery in the emerging markets of eastern Europe, Latin America, and Asia-Pacific.

Related topics: Market Trends

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