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Sales Get Chocolate Coating

Posted on: Wednesday, 27 July 2005, 06:00 CDT

CONFECTIONERY firm Cadbury Schweppes yesterday said its flagship dairy milk brand had helped it increase group sales by 6%.

Cadbury said 9% growth in sales and an even better performance by its Trident gum and Halls cough sweets had contributed to a 7% expansion in its confectionery sales.

The firm has recently revamped the dairy milk brand by integrating it with some of its formerly separate brands such as caramel.

It said its market share in the UK had increased by 10 percentage points to 31.3%, driven by innovation in both its standard and Easter ranges.

However, markets in continental Europe were weaker, particularly in France where the retail market remained challenging.

Cadbury said underlying profits before tax increased to pounds 370m in the 24 weeks to June 19 from pounds 350m a year ago.

Chief executive Todd Stitzer said the company had seen a strong start to the year thanks to increased investment in growth and a focus on innovation.

'Although the external environment is likely to remain challenging, we will continue to increase investment behind long- term growth and expect to deliver within our goal ranges for the full year,' he said

Source: Daily Post; Liverpool

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