Nestlé nine-month sales up by 11%

Sales were up by 11% and organic sales growth amounted to 6.1%, the Swiss dairy giant Nestlé reports for the first nine months of 2012. The full year outlook is expected to see 5-6%, as per projections. Paul Bulcke, Nestlé CEO says: “Nestlé’s growth in the first nine months is in line with our expectations. It is the result of the capabilities built over time in innovation, distribution and engaging with customers.”

Standout regions were Asia, oceania and Africa, which saw sales increase by 10.8%, while developed markets such as Europe saw improvements of 2.5%.  The Americas saw growth of 6.1%. One area highlighted was Nestlé Nutrition, which achieved high level growth in emerging markets, driven by infant formula and cereals, both of which continued to benefit from more successful innovations and multi-market roll-outs for brands such as Nestlé NAN, Nestum and Cerelac.