Nestle Waters has posted a return to growth in Europe in the first quarter of 2010.
For the three-month period to the end of March, the unit confirmed today (22 April), sales reached CHF2bn (US$1.86bn), representing organic growth of 2.5% year-on-year.
Go deeper with GlobalData
The firm said high levels of growth led to market share gains, with strong performances from S. Pellegrino, Perrier and Contrex.
“Emerging markets continued to deliver double-digit growth under the Nestle Pure Life brand. Nestle Pure Life also continued to grow in the US, while regional brands there were impacted by price-led competition,” the unit said.
Overall, the Nestle group recorded an increase in first quarter sales, boosted by performances in emerging and developing markets. For the three-month period, group sales amounted to CHF26.3bn, representing 6.5% organic growth.
In the Americas, sales increased 5.1% to reach CHF7.6bn, while in Europe the firm recorded sales of CHF5.3bn, representing 3.4% organic growth.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCommenting on the coming year, group CEO Paul Bulcke reconfirmed the group’s outlook for 2010.
“For 2010 as a whole, we expect our food and beverages business to achieve higher organic growth than in 2009 as well as a further EBIT margin improvement in constant currencies,” he said.
Click here for the full release and check back later for further insight into Nestle’s first quarter results.
