We think there will be clearly less upward pressure from oil prices.

We are particularly concerned about the risks for consumers from unsafe counterfeit products,

Unless major negative influences are felt in the economic or monetary context, the group looks forward to ending the year with another record in sales and profits,

We look at selective takeovers … but we won’t act as a white knight for anybody.

There are no big transactions in sight, … We are established in all the major sectors which we consider to be strategic.

Nestle has achieved record levels of growth and profits, … We are now harvesting the results of our relentless push for continuous improvement.

Our long-term investment in Dreyer’s speaks to the tremendous upside we see in the ice cream business in North America and our confidence that Dreyer’s has the right team in place to lead the industry,

Both partners are already known for their strengths and skills in marketing, and the formation of this joint venture offers us an outstanding opportunity to grow our business in the world’s largest ice cream market.

I am very pleased to see Chef America’s innovative, high growth and high-margin business joining us, giving Nestle the lead in two out of three principle categories in the world’s frozen food market.

It’s nothing. It’s a storm in a teacup, … There is no risk to safety.

No doubt one of the most pressing problems, and one that is significantly underestimated these days, is the unsustainable growth of freshwater withdrawal.

It is certainly true that we are a little bit more recession-proof than technology companies but we also deliver good results when the economy is doing well,

Chef America is an ideal and strategically important complement to our frozen food activities in the USA, which include Stouffer’s and Lean Cuisine,