Business

Coffee boosts Nestle sales by 1.3% in Q1 of 2021

Food giant says overall earnings total 21.1 billion Swiss francs

Updated 5 years ago · Published on 22 Apr 2021 9:00PM

Coffee boosts Nestle sales by 1.3% in Q1 of 2021
Nestle’s organic growth jumped by 7.7% in the first three months of the year. – EPA pic, April 22, 2021

ZURICH – Swiss food giant Nestle today said coffee sales helped boost its first-quarter turnover by 1.3% in the first quarter of the year.

The overall sales figure rose to 21.1 billion Swiss francs (RM94.7 billion), an earnings statement said.

The group’s measure of so-called organic growth, which strips out effects from acquisitions, divestments and foreign exchange movements, jumped by 7.7% in the first three months of the year, as the group was able to increase its share of several markets, the statement added. – AFP, April 22, 2021

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