Nestlé: Asia has strong results in culinary, dairy and powdered beverages

Nestlé says its first quarter is off to a good start, with strong organic growth of 10.3 percent in Zone Asia (which includes Oceania and Africa). The Swiss giant says strong performance across all categories resulted in the good growth, including most notably culinary, shelf-stable dairy and powdered beverages.

Peter Brabeck-Letmathe, Chairman and CEO, explains: "Nestlé is off to a strong start, not least with an excellent performance of our food and beverage business. These encouraging figures reflect the acceleration of our move towards nutrition, health and wellness across our main food and beverages brands, as well as the strong perform­ance of our globally-managed Nestlé Nutrition unit which achieved its long-term target of 10% organic growth.”