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There was also a negative currency transactional exposure in the UK supply chain".
"They beat the revenue consensus, despite the really negative currency impact".
That excludes a negative currency impact of £500m from the strength of the pound against the euro and dollar, which had been flagged up before.
It said sales had increased by 12% during the last quarter, including a contribution from recent acquisitions which was offset by a negative currency effect.
A company spokesman said in an interview that earnings were reduced by more than 3percentt for the year because of negative currency translations and by even more in the second half, though he declined to give an exact amount.
The healthcare behemoth reported a 6.7% decline in sales from abroad for its fourth quarter, largely due to the negative currency impact, while domestic sales rose 7.4%.
Similar(44)
In 2018, the company's net sales grew marginally year-over-year to $18.5 billion, negatively impacted by a difficult environment – particularly significant commodity inflation and negative foreign currency effects.
The company said its results were affected by a shorter fiscal year, by a decline in rental revenues, negative foreign currency exchange rates and a smaller store base.
Whirlpool Europe reported gains in quarterly unit shipments, but revenue and operating profit fell because of price competition and a 12percentt negative impact from currency translations.
Nestlé officials said the company expected record sales and profit this year in all areas of its global market, barring major negative economic or currency effects.
"But obviously the risks have risen significantly in terms of a Greece departure," he said, "and we think that's very negative for the currency".
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