Business

Nestle raises 2011 sales outlook

Nestle products
Image caption Nestle's food brands include KitKat, Nescafe and Perrier

The world's biggest food group, Nestle, has raised its sales growth outlook for the year after a better-than-expected performance in the first nine months.

Underlying sales from January to September rose 7.3% on a year ago, helped by higher prices and strong demand in emerging markets.

Nestle said it now expected in 2011 to "slightly over-perform" against its long-term organic growth range of 5-6%.

Nestle's brands include Nescafe, KitKat and Perrier water.

Sales in Europe over the first nine months grew by 3.8% and sales in the Americas grew by 5.6%.

However, emerging markets saw double-digit growth, with sales in Asia, Oceania and Africa rising by 11.7%.

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