VEVEY, Switzerland (Reuters) - Food group Nestle expects to see underlying sales growth pick up to 5-6 percent next year, in line with its long-term target, Chief Executive Paul Bulcke told a media and investor meeting on Thursday.
Asked whether the company would return to its 5-6 percent "Nestle growth model" in 2014, Bulcke said: "That seems doable, yes." He said growth should accelerate in the fourth quarter from the 4.4 percent seen in the first nine months of the year.
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Asked about possible interest from Nestle in Italian Nutella maker Ferrero, which was the subject of media reports on Thursday, Bulcke said: "We've said we're not planning any big acquisitions and that stands.
(Reporting by Silke Koltrowitz)