Dutch food and nutrition group Numico has posted a second-quarter net loss, but reported a strong operational performance from its core units.
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Numico posted a second-quarter net loss of €104m (US$116.2m), compared with a €2m net profit in the year-ago period, mainly due to a restructuring charge related to its European baby food production platform and charges related to its divestment of US-based vitamin firm Rexall Sundown.
Earnings before interest, taxes and amortisation, excluding exceptional items, fell to €104m from €127m a year earlier, but beat analysts’ expectations.
Numico said it expects EBITA excluding exceptional items, for continued businesses, of between €340m and €360m for the full year.
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By GlobalData
