Nutrition and baby food company Royal Numico NV has said that a strong fourth quarter performance has put it on track for sales growth of between 10% and 12% this year.

Net profit in the quarter rose to EUR70m (US$91.7m), up from EUR46m. The company reported a EUR36m one-off gain in expected lower taxes.

Sales totalled EUR690m, up from EUR539m posted for the fourth quarter of last year.

Operating profit rose to EUR122m, up from a restated EUR110m and within the forecasted range of EUR116-130m.
"I am very pleased to announce Numico's second year of double-digit growth - at improved margins and with record free cash flow," said CEO Jan Bennink.

A final dividend of EUR0.20 per share was proposed.