Nestle Profit Hots up on Coffee Sales

25 August 2006

VEVEY, Switzerland: Increased sales of instant coffee and the European economic upturn have helped Swiss food titan Nestlé post an 11% rise in first-half net profit.

Despite facing higher raw material prices, the company says net profit rose to Sf4.15 billion ($3.36bn; €2.6bn; £1.77bn) and sales increased 11% to Sf47.14 billion.

Nestlé reported a strong performance in emerging markets and the US, while European operations enjoyed their strongest internal growth since 2002, with organic growth of 2.5%.

The Nescafé coffee brand saw strong sales growth across all regions, particularly in Japan.

Data sourced from Wall Street Journal Online; additional content by WARC staff