Nestlé three-month sales: 3.9 percent organic growth

According to the company, the net result of acquisitions and divestitures reduced sales growth by 1.0%. Organic growth was 3.9%, composed of 3.0% real internal growth and 0.9% pricing. It was broad-based across geographies and categories. The product group confectionery generated sales of CHF 1.967 bn, compared with CHF 2.087 bn in the first quarter of 2015. Organic growth was 2.8%, real internal growth was 0.3%.

Paul Bulcke, Nestlé CEO: "As anticipated, the first quarter continued the positive momentum in real internal growth, with softer pricing. We gained market share in the majority of our categories and businesses. The strongest performances were in Europe, in South East Asia and in Africa as well as for Nescafé, Nespresso and Petcare. Our US frozen food business is progressing well. The trends seen over the last few quarters show the relevance of our investments and allow us to confirm our outlook for the year."