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Europe eats at Nestlé’s confectionery margins as Kit Kat drives growth elsewhere
date:Aug 10, 2012
Overall, the companys experienced 6% organic sales growth to 36.6bn (CHF 44.1bn) compared to the same period last year and around 6% improved operating profit to 4.9bn (CHF 6.6bn).

Sales in its confectionery business grew almost 12% to 3.8bn (CHF 4.6bn), however operating profit fell around 3% to 531m (CHF 638m) with profit margins declining 210 basis points.

Of Nestls seven product segments, confectionery is the sixth largest in terms of sales.

Europe bites

Nestl chief financial officer Wan

03/10 05:31