Nestle witnessed a good year and was able to bundle up sales amounting to 82.8 billion Swiss Francs. The sales saw a rise of 4.1%, in comparison to the year earlier for the first nine months of 2010. However, an increase in sales was flustered by an unstable currency market and could not achieve expected results due to a weak Dollar.

The Company had reported sales worth 79.6 billion Swiss Francs for the preceding year. The manufacturer of Kit Kat and Haagen-Dazs is known to solely reveal its half yearly and yearly earnings to the public.

However, despite an increase in sales the Swiss Company saw a fall in share prices as it’s share prices dipped to 53 ($54.25), a fall of 0.1%. The performance has been below expectations, as the effects of the currency on sales and profits were far more than what was expected earlier. The weak dollar has effectively reduced the sales for Nestle by 2.7%.

Food and Beverage sales for the year till now have been recorded to be at 77 billion Francs, with Nestle witnessing growth in all the sections of its products.

While talking about the firm performance by the Swiss based Company, the Chief Executive for Nestle, Paul Buckle has stated that the Company was able to maintain a strong momentum for the year, ever since robust sales in the first quarter. The strong performance in the first three quarters of the year will provide Nestle with a strong base to face the challenges in the first quarter.