Nestlé: Another set of disappointing results in H1
Nestlé has reported a mixed set of results this morning and has lowered growth guidance. Despite some undeniable margin improvement, the group is struggling to restore growth momentum in some key areas and has decreased its full-year guidance from 4% to at least 3% organic growth. However, RIG imprNestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
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