WhiteWave Foods has recorded an increase in full-year profit and said it expects continued momentum in 2013.
In the 12 months to the end of December, net profit climbed 5.9% to US$113.7m, the company reported today (13 February).
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Operating profit was up 2.6% to $180.2m. Despite the increase, WhiteWave said the result was “softened somewhat” by “significant” year-over-year increases in marketing expenditures, and increases in distribution and warehousing costs due to capacity constraints as a result of the company’s rapid volume growth.
Sales in the period grew 13% to $2.17bn, which was primarily volume driven and continues to be led by the company’s North America plant-based foods and beverages and coffee creamer and beverages platforms, it said.
