Nestlé looks to perk up

Nestlé is seeing an easing of price pressures stemming from raw materials, transport and packaging costs, said Chairman Paul Bulcke, but he warned that the company would still increase prices this year.

During the second half of last year, the maker of KitKat chocolate bars and Nescafé instant coffee suffered lower sales volumes as cash-strapped consumers cut back.

Bulcke, who was Nestlé’s CEO from 2008 to 2016, was upbeat that the company would be able to increase volumes.