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Nestle Sees 2007 Sales Well Above $86.58 Billion

Nestle expects full-year sales to be well above 100 billion Swiss francs ($86.58 billion) this year, the head of the world's largest food group was quoted as saying over the weekend.

"I can confirm that we are going to sell 100 billion francs and substantially more than that this year," Chief Executive Peter Brabeck told the Swissinfo website in an interview.

Last month, Brabeck confirmed Nestle's 2007 outlook, with underlying sales set to grow by nearly 7 percent from 98.5 billion francs in 2006. In the first nine months of this year, the sales stood at 78.7 billion francs, up 9 percent from the year-earlier period.

Nestle has a long-term target for underlying sales growth of between 5 to 6 percent.