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Nestle optimistic about 2010

February 19th, 2010

nestle_logoChocolate giant Nestle is eyeing continued growth in 2010 following stronger-than-anticipated figures for 2009.

It has been reported that the Swiss firm posted full year profits of 10.4 billion Swiss francs (£6.2 billion).

The firm, which makes brands including Kit Kat and Nescafe, saw growth across a number of sectors, with only bottled water posting a decline, with a sales drop of 1.4 per cent year-on-year.

However, despite its predictions of growth, the firm remains cautious about the year ahead, telling the Press Association: “UK consumers are more price-conscious than ever and the retail market continues to be intensely competitive.”

In 2009, the firm saw a 5.3 per cent increase in Kit Kat sales and a ten per cent rise among its Rowntree brands, in the UK.

Earlier this week, Heinz raised its 2010 outlook to a maximum of $2.85 per share due to growth in emerging markets.

For the third quarter of 2010, the firm expects to report a profit of 82 cents per share.

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