Nestle FY beats poll, confirms outlook

Nestle FY beats poll, confirms outlook

Vevey: Swiss food giant Nestle said on Thursday it was well placed to cope with volatile raw material prices after beating forecasts with a 6% rise in 2010 underlying sales.

“We are starting 2011 with continued momentum, well placed to face uncertainties ahead, including volatile raw material prices," Nestle said in a statement.

“We are therefore confident of achieving the Nestle Model in 2011: organic growth between 5% and 6% and an EBIT margin improvement in constant currencies," Nestle said.

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