SWITZ: Nestle Waters' nine-month sales climb
Nestle Waters' business grew in both Europe and North America
Nestle Waters has recorded an increase in sales for the first nine months of the year, driven by share gains in key markets.
For the January to September period, sales reached CHF7.3bn (US$7.47bn), representing organic growth of 4.3% and "real internal growth" - Nestle's figure to measure growth achieved without external funding and excluding pricing, currency exchange and acquisitions - of 4.6%, the firm reported today (22 October).
Nestle said it managed to maintain its recent "trend of acceleration" and achieved share gains in markets including the US, France, Switzerland and the UK.
The Nestle division, which owns the Perrier, San Pellegrino and Vittel water brands, saw business grow in both Europe and North America and achieved double-digit organic growth in the emerging markets with particularly strong performances in Asia and the Middle East, Brazil and Mexico.
In the first nine months of 2010, group sales amounted to CHF82.8bn, consisting of 6.1% organic growth and 4.5% real internal growth.
Paul Bulcke, Nestlé CEO reconfirmed the firm's full-year guidance.
"The first half's growth momentum continued unabated in the third quarter, providing a good base for the full year as we face challenging comparatives in the final quarter," Bulcke said. "We therefore reconfirm that our food and beverages business will achieve organic growth of around 5% combined with an increase in EBIT margin in constant currencies for 2010 as a whole."
Click here to view the full earnings release.
The Supreme Court in India has asked the country's Government to remove persons linked to food and soft drinks companies from panels that enforce safety and standards on edible products, according to ...
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Focus - Pernod Ricard's Q1 sales by brand
- Analysis - Remy's Cognac "dead-cat bounce"
- Time for Heineken to make a European break
- Moët Hennessy unveils first Travel Retail outlet
- Whisky downturn slows Diageo's Scotch spend
- Beam Suntory, Edrington part ways in Travel Retail
- Pernod Ricard sees sales lift in Q1
- Smirnoff Ice gets India launch