date:Apr 16, 2014
e rose only 0.3 percent, as prices continued to fall, while Asia, Oceania and Africa (AOA) grew 7.3 percent.
Exane BNP Paribas analyst Jeff Stent said that, while AOA remained sluggish, an acceleration in the water business with like-for-like growth of 6.2 percent was the main surprise.
Nestle said its Nespresso portioned coffee business continued to see strong growth momentum in all markets. It is facing increased competition from rival systems and copycat capsules made by peer Mondelez and o