date:Feb 17, 2014
Swiss food manufacturer Nestl has issued a warning that it does not expect to reach its long-term targets this year.
Nestl had previously predicted long-term underlying sales growth of 5-6%.
The news comes as the manufacturing giant reports its slowest rate of sales growth in four years.
Sales rose by 2.7% to 92.2 billion Swiss francs (75.5 billion) in 2013; underlying sales increased by 4.1%.
The slowdown in European markets, and in emerging markets, were the key reasons given for the poor