date:Apr 19, 2013
Nestle's first quarter sales growth undershot rival Danone's after some retailers in Asia cut inventories back to match poor demand, and the destruction of a key Middle East factory in Syria slowed supplies.
In Europe, a cold spring hit consumption of bottled water and ice-cream, while a horse meat scandal and pizza and chocolate egg recalls in the region turned off consumers already counting pennies in austere conditions.
Organic growth (is) likely (to) come in at the lower end of our 5-6 per