Nestlé: solid start to 2021

 

According to the company, growth was broad-based across most geographies, supported by early signs of recovery from out-of-home channels, improved pricing and market share gains. Foreign exchange reduced sales by 5.3% due to the continued appreciation of the Swiss franc against most currencies. Net divestitures had a negative impact of 1.0%. As a result, total reported sales increased by 1.3% to CHF 21.1 bn (3M-2020: CHF 20.8 bn). Sales in the product group confectionery rose by 4.2% to CHF 1.7 bn in the first quarter 2021.