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Nestle Chairman Targets Volume Growth

ZURICH, April 15 (Reuters) - Swiss food giant Nestle must grow its ​sales volumes again, Chairman Pablo ‌Isla was quoted as saying in an interview on Wednesday, ​referring to an adjusted ​product portfolio and a stronger ⁠performance culture.

"The key is ​to consistently deliver volume growth - ​quarter after quarter, year after year. Then the share price will follow," ​Isla told Swiss paper ​Neue Zurcher Zeitung.

The company aims to ‌bring ⁠its leverage ratio back to the midpoint of its target range of two to ​three times ​operating ⁠profit, he added, reiterating a plan to ​sell parts of Nestle's ​water ⁠business.

Isla became chairman in October, instilling hope in investors ⁠for ​a fresh start after ​a scandal toppled Nestle's CEO.

Reporting by Ariane ​Luthi, Editing by Miranda Murray

Source: Reuters


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