Nestle sets sight son further growth

Feb 20 2010 Huddersfield Daily Examiner

FOODS giant Nestle has set its sights on even stronger growth this year after outperforming its rivals in 2009.

Swiss-based business Nestle, which includes Kit Kat and Rowntree’s Randoms among its products, boosted revenues by 4.1% in tough markets last year.

Nestle, at one stage linked with a possible bid for Dairy Milk maker Cadbury, expects its food and drinks business to improve on the performance this year.

The group posted revenues of £64.5bn with sales of Kit Kat up by 7.1% worldwide.

In the UK, Kit Kat sales were 5.3% ahead and sales for the overall Rowntree’s brand were up by 10%.

Nescafe is also improving its market share after launching its biggest investment in the brand for more than 20 years.