The strong Swiss franc worsens the result of Nestlé

The Swiss food giant’s after-tax profit decreased by 39 percent to 9.1 billion Swiss francs last year – the figyelo.hu wrote.

According to the communication of the Company the decline occurred primarily because in 2014 the company sold its shares in the L'Oreal cosmetic company. The strong franc also worsened the situation of Nestlé.

The volume of products sold by the Company last year includes KitKat chocolates and Nescafe instant coffees, is lagging behind the forecasted level, and rose by 4.2 percent. (figyelo.hu, Csepi Lajos)