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Nestle FY beats poll, confirms outlook


    VEVEY, Switzerland (Reuters) - Swiss food giant Nestle said on Thursday it was well placed to cope with volatile raw material prices after beating forecasts with a 6 percent rise in 2010 underlying sales.

    "We are starting 2011 with continued momentum, well placed to face uncertainties ahead, including volatile raw material prices," NESTLE (NESN.CH)said in a statement.

    "We are therefore confident of achieving the Nestle Model in 2011: organic growth between 5 percent and 6 percent and an EBIT margin improvement in constant currencies," Nestle said.

    (Reporting by Silke Koltrowitz)