Nestlé: 20.26 billion Swiss francs revenue in the first quarter

The world's largest food company, the Swiss Nestle reported 20.26 billion Swiss francs revenue in the first quarter.

This is 9.29 percent less, than the 22.34 billion of the first quarter of 2010. By filtering the effect of the change of activities, revenues declined by 1.2 percent, but calculated on integral – and stable exchange rates with the same group composition – the growth was 6.4 percent – reports Népszabadság Online.