The logo is pictured on the headquarters of food giant Nestle in Vevey, Switzerland, February 12, 2020. REUTERS/Denis Balibouse
VEVEY, Switzerland (Reuters) – Food giant Nestle (NESN.S) expects a continued increase in organic sales growth this year after it hit a four-year high at 3.5% and profitability improved in 2019, helped by cost cuts and a focus on fast-growing businesses.
The maker of KitKat chocolate bars and Nescafe instant coffee reported full-year net profit up 24% to 12.6 billion Swiss francs ($12.89 billion), against a consensus forecast of 12.36 billion francs in a company-supplied analysts’ poll.
Reporting by Silke Koltrowitz; Editing by Michelle Martin
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