SCHIPHOL AIRPORT, Netherlands, June 30, 2005 (PRIMEZONE) -- Royal Numico N.V. announces that it has completed the restructuring of its baby food activities in China which will substantially improve the financial performance of the continued baby food operations in China. Numico announced on 3 March 2005 that the company will fully focus its Chinese baby food activities on its premium brand Cow & Gate in Shanghai and the Guangdong province. In order to specifically further develop the Guangdong province, Numico has set up an exclusive marketing and distribution agreement with Hutchison which will come into effect as of 1 July 2005.
Since the announcement, Numico completed the divestiture of its dairy manufacturing plant in China, sold the underperforming 'HLRN' brand to Olamar Holding N.V. and withdrew 'QQBB' - a mainstream baby milk brand - from the Chinese market.
The restructuring of the Chinese baby food activities will result in additional one-off restructuring costs of approximately EUR 2 million which will be taken in the second quarter of 2005.
Royal Numico is a high-growth, high-margin specialised nutrition company with leading positions in Baby Food and Clinical Nutrition and brings products to the market under the brand names Nutricia, Milupa and Cow & Gate, among others. The company serves customers in over 100 countries and employs approximately 11,000 people (see also: www.numico.com).
For any questions you might have, please contact:
Royal Numico N.V. Corporate Communications tel +31 20 456 9077 Royal Numico N.V. Investor Relations tel +31 20 456 9003 http://hugin.info/130673/R/1000946/153181.pdf
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