date:Aug 07, 2013
, but still well below the company's own target of 5-6 percent annual sales growth.
Recent Danone results pointed to a recovery in Europe, while Unilever, whose sales growth was driven by home care and personal care products Nestle does not have in its portfolio, warned of a slowdown in emerging markets.
With 45 percent of sales in emerging markets at the end of March, Nestle is more exposed to that part of the world than Danone and Unilever with about 41 percent.
Nestle shares, up just 8.5 p