Tag: nestle inflation

Inflation nibbles at Nestle margins

Zurich, Switzerland (AFP) — Swiss food giant Nestle said on Thursday sales rose last year but inflation nibbled at its margins, while net profits plunged due to asset disposals in 2021. Sales rose by 8.4 percent to 94.4 billion Swiss francs (95.5 billion euros, $102.3 billion). However most of that was due to the company hiking prices. Nestle, which makes Nespresso capsules, Maggi soups and KitKat chocolate bars, estimated its real internal growth to be […]