Announcing Nestlé's Q4 and full-year results ending Dec 31, Paul Bulcke, Nestlé CEO, described 2011 as a "challenging year" and said the world's biggest food firm did not expect 2012 to be any easier. Nestlé posted CHF 83.6bn (€69.25bn) in sales for 2011 – organic growth of 7.5% – while net profit rose to CHF 9.5bn (+8.1%), with 13.3% growth in emerging markets and 4.3% in developed markets. Introducing a later investor call, outgoing Nestlé CFO Jim Singh said that performance had been particularly strong in powdered and liquid beverages: CHF 18.2bn sales, 13% organic growth. Singh said: "Powdered and liquid beverages had a really good 2011, with double-digit organic growth. All categories played their part. I'd highlight Nescafé (soluble coffee grew 12% off a base in excess of CHF 9bn), whilst the RTD variant is also performing well – double-digit in a host of emerging markets.