A view of the logo during the Annual General Meeting of Nestle in Ecublens near Lausanne, Switzerland, April 18, 2024. REUTERS
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
