Businessweek

Nestlé S.A. reported sales results for the first quarter ended March 2013. In the first three months of 2013, sales increased 5.4% to CHF 21.9 billion. Organic growth was 4.3%, composed of 2.3% real internal growth and 2.0% pricing. For the full year of 2013, the company expects to deliver the Nestlé Model with an improvement in the margin and in underlying earnings per share in constant currency and in its capital efficiency, and with organic growth likely coming in at the lower end of 5% to 6% guidance. The consensus on organic growth is 5.5%.

Nestlé S.A., Q1 2013 Sales/ Trading Statement Call, Apr 18, 2013

Nestlé S.A. announced that at the Annual General Meeting held on 11 April 2013, the shareholders approved the proposed dividend of CHF 2.05 per share. Shareholders elected Ms. Eva Cheng as a new member of the Board for a three-year term. Ms. Cheng is the former Corporate Executive Vice President responsible for Greater China and Southeast Asia Region of Amway Corporation. Mr. Andre Kudelski who had reached the end of his third term was not standing for re-election.

146th Annual General Meeting for shareholders

Nestlé S.A. announced that it plans to invest at least ¥100 million building a coffee center in China to tap into burgeoning local demand. The coffee center, to be located in Yunnan province where climate is good for growing coffee beans, is expected to build a lab and consumer education facilities as well as train 5,000 farmers and coffee experts per year. Nestle reported that it would invest ¥500 million in the next five years to set up a sustainable ice cream business in Guangdong province.