Nestlé Reports Three-Month Sales For 2017

Nestlé released its three-month sales for 2017, reporting: 

• Sales increased by 0.4% on a reported basis to CHF 21.0 billion (3M-2016: CHF 20.9 billion) 
• Organic growth was solid at 2.3%, with 1.3% of real internal growth (RIG) and pricing of 1.0% 
• Sales were reduced by foreign exchange (-0.4%) and net divestments (-1.5%) 
• Organic growth was 0.8% for developed markets and 4.3% for emerging markets 
• Full-year guidance for 2017 confirmed 

Mark Schneider, Nestlé CEO: "Organic growth of 2.3% this quarter is within our full-year guidance range. The leap year comparison and other seasonal effects made the start of this year particularly challenging. We were encouraged by the growth in Asia and the resilience of consumer spending in Europe. Consumer demand in the Americas remained soft. Our pricing improved moderately. We confirm our 2017 guidance and have made good progress with our growth and efficiency projects to position our company for enhanced value creation." 

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