--FILE--A customer shops for a carton of Nescafe instant coffee of Nestle at a supermarket in Xuchang city, central China's Henan province, 16 October
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Contributor:
Imaginechina Limited / Alamy Stock PhotoImage ID:
W8EHW7File size:
28.1 MB (773.2 KB Compressed download)Releases:
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3840 x 2560 px | 32.5 x 21.7 cm | 12.8 x 8.5 inches | 300dpiDate taken:
16 October 2014Photographer:
ImaginechinaMore information:
--FILE--A customer shops for a carton of Nescafe instant coffee of Nestle at a supermarket in Xuchang city, central China's Henan province, 16 October 2014. Swiss firm Nestle, the world's largest food company, on Feb. 19 reported its slowest annual sales growth since 2009, citing lower demand in China and said that the Chinese market will be even tougher this year, reports Beijing's China Times. In its 2014 financial report, Nestle posted 91.6 billion Swiss francs (US$97.4 billion) in sales for the whole of last year. The company said it is aiming to achieve around 5% sales growth this year and improve its profitability. Perhaps the most noteworthy aspect of the 2014 financial report was the company's relatively slow organic growth of 2.6% in the Asia, Oceania and Africa regions. Nestle said China was a sore spot. It said its sales in China, its second biggest market after the US, dropped sharply in 2014. The downward trend was first reported in 2013 when its sales growth in China slowed to 27.6% as measured in local currencies, down from a 91.4% in 2012.