The world's biggest food company Nestle said Thursday its 2011 net profit rose 8.1 percent to 9.5 billion Swiss francs ($10.26 billion, 7.8 billion euros) but despite a positive outlook for growth it expects a tough 2012.
The company said sales were up 7.5 percent to 83.6 billion Swiss francs, excluding currency effects and acquisitions.
Paul Bulcke, Nestle CEO said the company "delivered a good performance, top and bottom line, in both emerging and developed markets in 2011. It was a challenging year and we do not expect 2012 to be any easier."
