SWITZ: Nestle Waters continues healthy 2012 as sales stay up

• Nestlé Waters sales in year so far rise by 5.8% to CHF5.58bn (US$6.02bn)
• All regions post growth for water division
• Group sales in nine months to end of September up by 6.1% to CHF67.57bn
• Re-confirms group target of 5% to 6% FY growth

Nestle has posted continued growth for its water division in the year so far, with all regions delivering positive numbers for Nestle Waters.

The Switzerland-based conglomerate said yesterday (18 October) that net sales from its bottled water division in the nine months to the end of September rose by 5.8% year-on-year, hitting CHF5.6bn (US$6.02bn). The unit, which owns the S. Pellegrino, Perrier and Vittel brands, saw all regions deliver growth, with North America and emerging markets driving the performance.

While North America saw Perrier and S. Pellegrino lead the way, and emerging markets posting double-digit growth, Europe held its own in the third quarter. France, the UK, Poland and Hungary were notable markets for the three-month period.

The third quarter performed in line with the year so far for Nestle Waters: In August, the division posted 5.6% organic growth for the first six months of 2012. Specific numbers for the quarter were not released, however.

Group-wide, sales for the year so far were up by 6.1% to CHF67.57bn.

The results announcement was concluded with a confirmation of group guidance for the full year. Nestle said it expects to report organic growth of between 5% and 6% for 2012. "The tough trading environment, especially in developed markets, is continuing," the company said.

"Our performance year-to-date is in line with our expectations. The capabilities built over time in innovation, distribution and engaging with consumers are driving our growth.

"This, combined with some easing of input cost pressures, allows us to confirm our guidance for the full year."

To read the company's official statement, click here.