Nsg Sees Quarterly Sales Decline

NSG saw quarterly sales fall 3% and said market conditions were significantly worse than previously anticipated. NSG said: "The market conditions faced by the group during the first quarter of this year were significantly worse than previously expected, particularly in Europe, which accounts for around 40% of the group's revenues. Economic uncertainty has led to a decline in volumes of many of the group's core products." It said consumers had sought to postpone spending decisions. It does not expect an improvement in market conditions for the rest of the financial year.