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Nestlé grows in 2020 on an organic basis
Turnover and profits down due divestitures and exchange rates
![Mark Schneider, Ceo Nestlé](https://www.efanews.eu/resources/big/191b68d2e4912d30213fe873bd3dd704.jpg.webp)
Divestitures weigh heavily on Nestlé, but the multinational in 2020 recorded a net increase in sales on an organic basis (net of acquisitions, divestitures and currency effects), driven above all by those of pet products, whose growth to 3.6 % - according to Vevey - records "the highest level in the last five years". A +3.4% is due to the increase in sales volumes and the other +0.2% is due to price...
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EFA News - European Food Agency
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EFA News - European Food Agency