The company in July said it was expecting full-year sales to grow 3-5 percent, with margins improving in the historical range of 0.3-0.4 percentage points, rather than the 0.5 points it delivered in the first half.

It had flagged a worsening of performance, due to tougher comparisons with an unusually strong third quarter last year and deterioration of economic conditions in markets such as Brazil and Argentina.