ZURICH (Reuters) – Nestle
took a cautious strategy when elevating its 2020 steering to round 3% natural gross sales progress to have some downward safety in risky occasions, the meals group’s chief government instructed an analyst name on Wednesday.
“Whereas you will need to have some downward safety at this risky time, we’d be upset if full 12 months natural progress in 2020 wouldn’t keep at or above 3%,” Mark Schneider stated, including he was not conscious of any main headwinds that may stand in the way in which.
(Reporting by Silke Koltrowitz; modifying by Brenna Hughes Neghaiwi)
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