July 1, 2009

Nespresso Conjures Up 20 Percent Sales growth in 2009


Q1 for 2009 is looking really good for Nespresso so far. How good? Well how does 20 percent sales growth in 2009 given the recession sound to you? It sounds really good to us, and proof that a premium portioned coffee product is looking recession proof.

"We are very confident about double digits for 2009," Richard Girardot told a news conference as he opened a major new plant in the Swiss town of Avenches. Nespresso saw sales growth slow to somewhere in the 20s in the first quarter of 2009. Asked how sales had developed since then, Girardot said the trend had stayed about the same and he expected a similar rate for the full year.

Via Reuters

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Posted by Jay Brewer at July 1, 2009 7:42 AM
Recent Comments

I love the machine/hate the coffee. It's very weak, even at the strongest blend. Am I doing something wrong???

Posted by: jane at October 22, 2009 1:57 PM

I'd buy a Nespresso if I could get the coffee on Amazon instead of through Nestle's site.

Posted by: Yeah at July 1, 2009 10:08 AM

I can most definitely believe this. Where I work, everyone pitched in and bought a Tassimo. The ression was a reason rather than a deterant. They were tired of buying $2.00 cups of coffee every day at Starbucks. Using the Tassimo allowed them to have premium (read, not free office) coffee without the high price.

Posted by: Nicole at July 1, 2009 8:45 AM
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