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Nestlé, more sales but profit below expectations

The results of the first six months, according to a note released on Thursday by the company, correspond to the expectations of the group, after the multinational has conquered new sectors of the market, but analysts do not think so.

Nestlé, more sales but profit below expectations

Decline in net profit for Nestlé in the first half of 2016: 4,1 billion francs, 0,4 less than one year. Sales, by contrast, increased by 3,5% to 43,2 billion and real domestic growth was 2,8%. Exchange rates had an impact of 2%.

The results of the first six months, according to a note issued on Thursday, correspond to the group's expectations, after the multinational has conquered new market sectors. But financial analysts don't think so because they expected a much better performance.

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