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Nestle profits rise

This article was originally published in Foodnews

NESTLE has released its first quarter 2007 results. The Swiss firm reported total organic growth of 7.4% to CHF24.3 billion (US$20.1 billion), while its food and beverage division grew 7.1% to CHF22.5 billion. Split into geographical regions, the food and beverage sector grew 3.4% in Europe, 8.6% in the Americas and 10.8% in Asia, Oceania and Africa. By product categories, powdered and liquid beverages increased 8.9% in sales to CHF4.0 billion, mainly attributed to coffee brand Nescafé.

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