Nestle predicts strong year after its first quarter results impress

NESTLE beat analysts’ forecasts with a 6.5 per cent jump in underlying first-quarter sales yesterday and said it was confident about the rest of the year.

The world’s biggest food group, which makes Nescafé coffee, and KitKat chocolate, saw growth from all its regions and categories in the first three months of 2010.

The Swiss company said it had kept up the sales momentum from the latter part of 2009 with growth in western Europe and other developed markets accelerating, while growth in its emerging market operations topped 10 per cent.

Chief executive Paul Bulcke said: “Our strong sales performance in the first quarter confirms we are capturing opportunities both in emerging and developed markets.”