Dutch food and nutrition group Royal Numico has reported a rise in sales to €444m (US$571m) in the first quarter of 2005, compared with €395m in the same period last year.
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Earnings before interest, tax and amortisation increased to €81m from €79m.
“Numico is pleased to announce the beginning of ‘the year of momentum’ with record sales growth,” the company said. “Baby Food results were particularly encouraging as it reached its first quarter of double digit growth at 11.9%, with Western Europe contributing strongly at 4.3%. Clinical Nutrition continued its strong performance with a sales growth of 12.3%, driven by all regions.”
“Overall, Numico’s progress in Q1 gives us confidence in achieving our 2005 targets with a comparable sales growth of 8-10% and a comparable EBITA growth of 10%,” it said.
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