Dutch food group Royal Numico has posted a set of robust first-half results after sales accelerated during the second quarter.
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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”.
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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.”
