Royal Numico said its total sales for the first half of 2006 were up 12.4%, with Nutricia Baby Food sales rising 10.6% following improved performance in Western Europe.
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During the second quarter total sales were up 11.3% with its baby food brand’s sales up 9.8%.
The company increased market share gains in the UK, Italy, Germany, as well as strengthening in the Netherlands during the fist six months.
In its outlook, Numico added that based on the strong performance in the first half of 2006 and the expected performance for the second half, it is reconfirming its total sales growth target of 12% – 13% and an EBITA margin of 18.75% for the year.
The company has also decided to evaluate the strategic alternatives for Coeliac, its business that provides a wide range of gluten-free food products to individuals who suffer from gluten intolerance, which may entail a sale of the business.
Coeliac generates approximately EUR20m of annualised sales with an EBITA margin of over 20%.
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By GlobalData
