Swiss food company Nestlé has reported that its net earnings increased 11.57% to CHF10.6bn ($11.5bn) in 2012, compared to CHF9.5bn ($10.35bn) in 2011.
The company posted 10.2% increase in net sales to CHF92.2bn ($99.97bn), compared to CHF83.6bn ($90.64bn).
Nestlé CEO Paul Bulcke said the company delivered a good, broad-based performance in 2012, building upon the profitable growth achieved consistently over previous years.
"Despite the many challenges 2013 will no doubt bring, we expect to deliver the Nestlé Model of organic growth between 5% and 6% as well as an improved margin and underlying earnings per share in constant currencies," Bulcke added.
The company registered growth in all regions across the world in 2012; 5.9% organic growth in the Americas, 2.4% in Europe and 10.3% in Asia, Oceania and Africa.
For the fiscal 2013, Nestlé expects to deliver organic growth between 5% and 6% with an improved operating profit margin and underlying earnings per share in constant currency, as well as improvement in capital efficiency.
