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
Nestle Chairman Sets Sights on Consistent Volume Growth and Share Price
Nestle's Strategic Focus and Leadership Vision
Chairman Pablo Isla Emphasizes 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.
Link Between Volume Growth and Share Price
"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.
Financial Targets and Portfolio Adjustments
Leverage Ratio Goals
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.
Portfolio Optimization Strategy
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)
