Food giant Nestle expects a continued increase in organic sales growth this year...
The logo is pictured on the headquarters of food giant Nestle in Vevey, Switzerland, February 12, 2020. REUTERS/Denis Balibouse
VEVEY, Switzerland - Food giant Nestle expects a continued increase in organic sales growth this year after it hit a four-year high at 3.5% and profitability improved in 2019, helped by cost cuts and a focus on fast-growing businesses. The maker of KitKat chocolate bars and Nescafe instant coffee reported full-year net profit up 24% to 12.6 billion Swiss francs , against a consensus forecast of 12.36 billion francs in a company-supplied analysts’ poll.
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