ZURICH, April 15 Nestle expects sales
growth to pick up in coming quarters after slowing to 4.2
percent in the first quarter hit by still subdued consumer
sentiment in Europe, a late Easter and cold weather in North
"We confirm our full-year outlook: performance will be
weighted to the second half, outperforming the market, with
organic growth around 5 percent," the world's biggest food group
said in a statement on Tuesday.
The maker of Maggi soups and Nescafe soluble coffee is
facing a difficult trading environment, where penny-pinching
Europeans often opt for cheaper private label goods and slow
emerging markets no longer make up for weak developed markets.
Sales rose to 20.8 billion Swiss francs ($23.66 billion),
short of a forecast for 21.46 billion francs in a Reuters poll.
They fell 5.1 percent in Swiss francs, hit by the relative
strength of the Swiss currency.
($1 = 0.8791 Swiss Francs)
(Reporting by Silke Koltrowitz)