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Nestle Reports Continued Sales GrowthNEW YORK - Oct 21/04 - SNS -- Nestle reported sales growth of 2.9% between January and September of this year despite losing 4.6% on foreign exchange fluctuations and divestitures. Consolidated sales of the Nestle Group reached CHF 64.6 billion during the first nine months of 2004. Real internal growth accelerated to 2.9%, while pricing added 1.6%, resulting in organic growth of 4.5%. Foreign exchange fluctuations had a negative impact of 2.7% on consolidated Swiss franc sales, while divestitures, net of acquisitions, reduced Swiss franc sales by a further 1.9%. Subscribers can read the full text of the article by Clicking here
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