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Nestle says 2014 will be another challenging year amid weak emerging markets

GENEVA - Nestle, the world's biggest food and drinks maker, said Thursday it expects 2014 to be just as challenging as last year amid falling growth in emerging markets and weaker prices in Europe. The maker of Nescafe, Perrier, Jenny Craig and Haagen Dazs is a major buyer of food commodities such as wheat, sugar, and milk and its results are a good indicator of the strength of consumer demand around the world. Nestle's shares fell 1.49 per cent to close at 66.10 Swiss francs on the Zurich exchange Thursday.

Nestle net profit shrinks 2% in 2013

The world's leading food industry group Nestle said Thursday its net profit shrank 2 percent in 2013, blaming a soft economic environment, and cautioned that 2014 will also be difficult. "Last year was challenging and 2014 will likely be the same," Nestle chief executive Paul Bulcke acknowledged in the earnings statement. In 2013, the Swiss company saw its net profit tick in at 10 billion Swiss francs ($11.2 billion, 8.1 billion euros), down from 10.2 billion a year earlier.

Nestle reports pressure on profits from price-wary shoppers

Swiss food giant Nestle suffered from weak consumer confidence in developed countries in the first six months of the year and from slowing growth in emerging economies it said on Thursday. Net profit rose by 3.7 percent to 5.1 billion Swiss francs (4.1 billion euros $5.47 billion) in the first half of the year compared to the outcome 12 months ago, the group said. Nestle, which is the biggest food processor in the world, said that current operating profit rose by 6.8 percent to 6.8 billion Swiss francs and that sales rose by 5.3 percent to 45.2 billion Swiss francs.

Mideast unrest, cold weather hit Nestle sales growth

By Silke Koltrowitz ZURICH (Reuters) - Nestle's <NESN.VX> underlying sales growth slowed to 4.3 percent in the first quarter, underperforming its rival Danone <DANO.PA>, as unrest disrupted business in the Middle East and chilly spring weather hit bottled water and ice-cream sales. Nestle also faced negative consumer sentiment in the wake of a horse meat scandal, a chocolate egg recall and increased competition in the coffee business.

Nestle posts 11.5% net profit rise in 2012

Swiss-based food giant Nestle announced an 11.5-percent increase in net profit for 2012 on Thursday, beating analysts' forecasts with a figure of 10.6 billion Swiss francs (8.8 billion euros, $11.5 billion). Sales at the group -- known for products such as is Nespresso coffee capsules or Maggi stock cubes -- rose by 10.2 percent to hit 92.2 billion Swiss francs. Analysts had tipped Nestle to post a net profit of 10.5 billion Swiss francs, but the group's sales figure tallied with market-watchers' forecasts.

Nestle warns market will stay tough in 2013

Swiss-based food giant Nestle warned Thursday that business was likely to be tough this year, after its 2012 results showed a slowdown in growth in emerging markets. Nestle's net profit of 10.6 billion Swiss francs (8.8 billion euros, $11.5 billion), representing an increase of 11.5 percent on the 2011 performance, was slightly ahead of analysts' forecasts. Sales at what is the world's top food industry player -- known for products such as Nespresso coffee capsules and Maggi stock cubes -- rose by 10.2 percent to hit 92.2 billion Swiss francs.
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