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Nestle said it expects an increase in its organic sales this year after improving performance in China and North America that allowed growth to accelerate in 2018 after six years of slow-down.
The demand for packaged foods is suffering from a trend towards healthier eating and Nestlé's managing director, Mark Schneider, is trying to reactivate the world's largest food group by improving its efficiency and focusing on food. growth categories.
Organic sales grew 3.0% in one year, reaching 3.7% in the last quarter, and net profit jumped 42% to 10.1 billion Swiss francs ($ 10.02 billion) , thanks to exceptional items: the maker of Kitkat chocolate bars and coffee sharing said in a statement Thursday.
Addressing CNBC's Julianna Tatelbaum on Thursday, Schneider said Nestlé's growth was driven by its nutrition sector, as well as strong performances in the US and China.
"We saw a slowdown in GDP (in China), but that did not translate into a slowdown in consumer interest," he said. "We have seen very good progress in 2017 and 2018, so I think the market is generally very confident and we are setting ourselves that goal (2020)."
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