Danisco ups 2010 earnings target

Food ingredients group Danisco has upped its earnings target for 2010 after enjoying a 27% jump in first-quarter profits.

Danisco revenues rose 7% to DKK3.5bn, although on an organic basis, sales growth was slower at 2%.
Sales from Danisco’s cultures division rose 11% and were up 6% in Genencor. The company admitted, however, that ‘weak’ xylitol sales were hitting revenues from its sweeteners business.

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