Capital, Earnings & M&A
Nestlé's Performance in Greater China Plummets, Yinlu Says It's Not to Blame!
According to a report by Economic Voice's 'Company World' program, FMCG giant Nestlé is going through a difficult period in China. Based on Nestlé's latest fourth-quarter and full-year results briefing, 2016 sales were CHF 89.5 billion, up 3.2%, but organic growth was only 2.4%, below the company's target of around 5% annual growth. The decline in the Chinese market is likely a major factor affecting Nestlé's growth plans. According to the latest financial report, Nestlé's sales in Greater China in 2016 were CHF 6.54 billion, down 7.4% from 2015.
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