In a trading statement for the three months ended December 31 2017, the group said there was “volume momentum” in its Speciality Food Ingredients and Bulk Ingredients divisions. It added that it was on course to deliver progress in adjusted profit before tax for the year ending March 31 2018.
Its core business, Speciality Food Ingredients, delivered good volume growth, including a modest volume increase in North America. Profits in its Food Systems division improved, although volume was lower.
The company said that the Splenda Sucralose brand performed as anticipated, with profit in line with the comparative period.
In Bulk Ingredients, sweetener volumes in North America rose and profit growth was expected to be robust for the financial year ending March 31 2018.