Nestle increased the profit and turnover despite drinking water department lag

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Food producer Nestlé increased its turnover on its own in the first nine months of the year compared to a year earlier. The counterpart of Unilever did good business and benefited from a collaboration with Starbucks, among other things. In addition, it announced that it would reward its shareholders with a share buy-back program of 20 billion Swiss francs, equivalent to 18.2 billion euros.

In the past nine months, the revenues from own strength increased by 3.7 percent on an annual basis. The sales increase in North and South America was 4.1 percent. Sales of Starbucks coffee for its Nestlé espresso machines continued to improve. Purina’s animal nutrition products were also in great demand. The total turnover in the reporting period was 68 billion francs.

The department that sells drinking water under brands such as Perrier and S.Pellegrino was a blot on the results. Turnover under their own power fell by 2.5 percent there. Head of that branch Maurizio Patarnello leaves at the end of this year and the part is integrated into the group.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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