Nestle has reported full-year sales for 2017 at 89.8 billion Swiss francs, a 0.4 percent increase on 2016, but below expectations in a Reuters poll of 90.097 billion francs.
The Swiss food giant saw organic growth of 2.4 percent for the year and projects growth of between 2 and 4 percent in 2018.
The numbers fell just short of company expectations, said Nestle CEO Mark Schneider in a press release.
“Our 2017 organic sales growth was within the guided range but below our expectations, in particular due to weak sales development towards the end of the year.”
Schneider described sales growth in Europe and Asia as “encouraging” while Brazil remains a challenging environment for the company.
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