Dutch food group Royal Numico has posted a set of robust first-half results after sales accelerated during the second quarter.
Numico, which is set to be taken over by Groupe Danone, reported that underlying operating profit rose 13.6% to EUR268m (US$367m) during the first half of 2007.
Revenue rose 12.4% to EUR1.4bn after Numico booked sales growth of over 15% for the second quarter of the year.
The company’s baby food business, which includes the Milupa and Cow & Gate brands, saw sales rise 11.5%. Turnover from its clinical nutrition business was up 14.8%.
CEO Jan Bennink said today (3 August) that the company is “on-track” to post its “third consecutive year of double-digit growth”.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataHe added: “We have generated high-growth, high-margin results in the first half of 2007, while implementing price increases and cost-savings programs within a challenging raw material price environment.”