Food giant Nestle posted strong results today, reporting 6.2% organic growth for the year – largely above forecasted results. In particular, growth in emerging markets came in at a strong 11.5%, which the Company’s earnings release notes “underlines the increasingly important role they will play in the future.” This is particularly notable when compared with 5.7% growth in the Americas, and 3.7% in Europe.
The Company did note that there were likely to be headwinds in 2011 from a rise in commodity prices, but that strong Emerging market demand would help offset some of the costs. For more details read
here, or read Nestle’s press release
here.
For more information about investing in Africa, please contact Nile Capital Management at (646)367-2820 or info@nilecapital.com
No comments:
Post a Comment