The Swiss food producer Nestle in the first nine months of the year to take advantage of the high demand for such healthy products, dairy products, ready-to-eat meals and pet food. That knew the fall in sales to restaurants and cafes, which were hit hard by the lockdowns to prevent the spread of the virus, to make up for.

In the measurement period, Nestlé’s autonomous turnover growth, excluding acquisitions and exchange rate effects, was 3.5 percent. This important measure of the financial position of the company was thus clearly higher than had been anticipated by experts. In the third quarter, the growth of the revenues generated by the maker of Nescafé and KitKat accelerated.

Nestlé raised his forecast for the whole year on Wednesday regarding the autonomous growth of turnover. It is now counting on an increase in revenue of about 3%, from an earlier forecast of 2% to 3%. For the coronapandemia, Nestlé was counting on an autonomous turnover growth of over 3.5% by 2020.

Nestlé actually put in the books a turnover of almost 62 billion Swiss francs, converted almost 58 billion euros. That result, including the effects of exchange rates, acquisitions and disinvestment, was almost 10% lower than a year earlier.


About the author: Dorian Vogt

Dorian Vogt is the founder of WeeklyNewsReview project and prolific author of many articles here and beyond. His experience is in guiding others is hard to overestimate. His main interests is Zürich city topics. You can't find anyone more in the know about the local news.

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