14.04.2016 - Nestle SA sales in the first quarter fell short of analysts' forecasts
The company Nestle SA reported its results for the first three months of 2016. They noted that could not raise the price of products on the background of deflation in some countries, and were under pressure from changes in consumer sentiments. Total sales rose to 20.93 billion Swiss francs, against 20.92 billion Swiss francs for the same period last year. Analysts had forecast an increase to 21.11 billion Swiss francs. The company also failed to achieve sales growth of organic food by 5-6%, but the plan to reach these targets in the long-term. We expect growth in the company's shares by 10-12% in the medium term.