date:Apr 19, 2013
makes Kitkat chocolate bars and Nespresso coffee pods, said consumer sentiment remained subdued in Europe, where volume growth was partly offset by falling prices. Sales in the region grew 1.5 percent to 3.7 billion francs.
Nestle's bottled water business grew only 1.8 percent, hit by the late arrival of spring that also weighed on ice-cream.
ZKB analyst Patrik Schwendimann said 4.4 percent growth in the coffee and chocolate beverage category was disappointing.
Nestle is facing increasing co