Food and nutrition group Royal Numico has announced higher sales and income for the second quarter and first half of 2005.
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Net sales in the second quarter were €488m (US$606m) compared with €432m in the same period last year. Net income was €54m, compared with €44m last year.
Net sales for the first half were €930m, compared with €834m last year, with income of €101m, compared with €76m
“Numico shows strong sales momentum, achieving record growth in both divisions in the first half 2005,” the company said. “Clinical continued its strong growth pace, up 12.8%, with growth being delivered across all regions and noteworthy performance in the UK. Babyfood sales increased to category leading levels of 12.4%, driven by growth acceleration in the UK Eastern Europe and Indonesia.”
“Numico also has true organisational momentum, with the steady strengthening of key management positions in both Baby and Clinical,” it said. “With Sari Husada, our Indonesian Babyfood business, we increased our stake and stewardship in the company by making significant management changes and increasing our shareholding by 13.5% to 95%. This is a significant strategic initiative for us, given the strategic role of Indonesia in Numico’s development.”
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