UPDATE 3-Nestle plans $8.8 bln share buyback, sees emerging markets pick up

jueves 7 de agosto de 2014 08:03 GYT

(Adds CFO comment on emerging markets, shares, background)

* H1 net profit 4.6 bln Sfr vs forecast 5 bln

* Organic sales growth 4.7 pct vs 4.5 pct forecast

* Confirms full-year sales outlook

* To launch 8 bln Sfr share buyback

* Shares rise more than 3 percent

By Silke Koltrowitz

ZURICH, Aug 7 (Reuters) - Nestle announced an 8 billion Swiss franc ($8.8 billion) share buyback on Thursday and revealed stronger sales growth in emerging markets in contrast to other big consumer products companies.

The share buyback follows Nestle's sale of an 8 percent stake in French cosmetics company L'Oreal earlier this year and the repurchase plan was bigger than originally expected by the market.   Continuación...