Nestle cuts prices in Europe to lure recession-hit shoppers
date:Aug 09, 2013
onference call, its chief financial officer said even the new guidance would be tough.

I'm fairly new to the organisation ... some of my colleagues are optimistic we can make that number but it's not going to be easy, it's going to be a stretch, said Wan Ling Martello, who took over as CFO in April last year.

She said lower input costs and efficiency gains had helped to lift the operating margin by 20 basis points to 15.1 percent despite the modest underlying sales growth, but said she didn't
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