Nestlé forecasts end-of-year revenue growth of 3%

Nestlé posted revenues of €58.2 billion in the first 9 months of 2018 (2% up on the same period in 2017) amidst improved results in North America and positive growth in all categories, particularly coffee.

The group also achieved a strong performance in the Asia/Oceania/Sub-Saharan Africa regions (up 3.1% to €15.8 billion) and in China.

The Swiss multinational expects to close the year with a 3% upturn in revenues and growth in earnings and operating profit. It is also planning to make investments of around €613 million in restructuring.