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Nestle earnings to raise questions over underperformance
date:Aug 07, 2013
Jon Cox said.

One of its chief rivals in Europe, Anglo-Dutch consumer goods group Unilever (ULVR.L) (UNc.AS), improved its operating margin to 14 percent in the second quarter, while yoghurt maker Danone's (DANO.PA) margin fell to 13.3 percent.

Both saw quarterly underlying sales growth - 6.5 percent for Danone and 5 percent for Unilever - that Nestle is likely to undershoot with 4.6 percent in the first half, implying a pickup to 4.8 percent in the second quarter from 4.3 percent in the first

12/26 05:17