Nestle eyes growth after strong year

Kit Kat-to-Nescafe foods giant Nestle today set its sights on even stronger growth this year after outperforming rivals in 2009.

The Swiss business boosted revenues 4.1% in tough markets last year and grew “substantially faster than our industry”, according to chief executive Paul Bulcke.

Nestle – linked at one stage with a possible bid for Dairy Milk maker Cadbury - expects its food and drinks business to improve on the performance this year.

The group posted revenues of $108 billion Swiss francs (€73.5bn) with sales of its famous Kit Kat chocolate and wafer treat up 7.1% worldwide.