Analysts anticipate profit leap for Numico

- Last updated on GMT

Related tags: Net profit, Generally accepted accounting principles

Numico NV is expected to report a 21 per cent rise in first half
net profit before goodwill this week, bolstered by acquisitions and
a strong performance in its baby food and hospital feeding units.

Dutch food group Numico NV is expected to report a 21 per cent rise in first half net profit before goodwill this week, bolstered by acquisitions and a strong performance in its baby food and hospital feeding units, Reuters reports. Despite a downturn in the U.S. vitamin and food supplement market, in which Numico is number one, the company should stick to its full year profit outlook when it releases its results on Thursday, analysts said. Numico has said its expects full year core sales and cash earnings to rise by at least 15 per cent. Turnover last year excluding the dairy and drinks unit, which was sold, was 3.84 billion euros. Cash earnings were 376 million euros, but a figure excluding the dairy and drinks unit was not available. A consensus forecast by seven analysts polled by Reuters sees Numico's first half net profit before goodwill amortisation rising to 205 million euros ($184.4 million) from 169 million in the same period last year. Analysts' estimates ranged between 198-217 million euros. A consensus forecast by seven analysts polled by Reuters sees Numico's first half net profit before goodwill amortisation rising to 205 million euros ($184.4 million) from 169 million in the same period last year. Analysts' estimates ranged between 198-217 million euros. Earnings per share before goodwill was seen increasing 11.2 percent to 1.29 euros with estimates ranging between 1.23-1.48 euros.

Related topics: Market Trends

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