Nestle Sees Organic Growth

"Nestle SA reported a first quarter sales rise of 6.4 pct to 24.3 bln sfr, the increase driven by organic growth of 7.4 pct with a positive contribution form all regions and businesses, partially due to higher demand ahead of expected price increases.

Looking ahead, the Swiss food giant said it continues to target organic growth of 5-6 pct as well as improved constant currency EBIT margins for the full year.

..Nestle's key food and beverages unit posted 7.1 pct organic growth driven by its strategic repositioning towards nutrition, health and wellness."

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