H1 sales 41.8 bln Sfr, net profit 5.9 bln Sfr
Expects slightly lower margin in full year
Shares down 0.9%, but outperform food sector index
Raises FY guidance to 5-6% organic growth
ZURICH, July 29 (Reuters) - Nestle (NESN.S) said input cost inflation would slightly squeeze margins this year even as strong demand for coffee boosted organic sales in the first half, allowing the world s biggest food group to raise its full-year growth guidance.
Food groups are grappling with surging commodity costs that are hitting margins, and Nestle, with well-known brands like Nescafe coffee and Purina pet food, said price increases could only be implemented with a time lag.
Blast in German industrial park kills two, several missing
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Blast in German industrial park kills two, several missing
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