Nestle confident over future

Posted on 13 Mar 2008 by The Manufacturer

Confectionery firm Nestle has announced a predicted sales growth for 2008 to match the 7.4 per cent rate of the previous year.

The firm had been reluctant to commit to such a growth rate when it released its full year results last month.

Having been forced to raise its prices due to increasing input costs, the company foresees pressure easing towards the end of 2008, further boosting its profits.