SWITZERLAND: North America buoys Nestlé Waters
Sales in North America have driven rising first-half revenues at Nestlé Waters, its parent company reported today (23 August).
The company's owner, consumer goods giant Nestlé, said revenues from its entire beverages division, which also includes soluble coffee and powdered beverages, rose 8.1% to CHF12.6bn (US$10.2bn).
"Sales were particularly strong in North America where Nestlé Waters once again grew double-digit," Nestlé said.
Profit margins also rose at Nestlé Waters, Nestlé added. "Lower PET costs in the US contributed to this result, as did the strong organic growth and efficiencies in North America and in Europe."
The company has also been busy expanding into emerging markets in the last six months. Earlier this month, Nestlé Waters announced the merger of its operations in Turkey with local bottled water group Erikli. In July, it emerged that the company was looking to build a plant to produce bottled water in Russia's Leningrad region.
Nestlé's group net profit rose 11.4% to CHF4.1bn on the back of a 11% rise in sales to CHF47.1bn
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