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Demand for packaged food and beverages has so far stayed resilient despite the cost-of-living crisis, even as companies hiked prices of their products to pass on high energy and input costs to consumers.
The Switzerland-based company, of which U.S. beverage giant Coca-Cola owns 20%, forecast organic revenue growth in a mid-teens percentage for the full year, compared with its prior guidance of 5-6%.
It reported a comparable operating profit of 560.7 million euros ($614.9 million) for the six months through June, up 21.2% from a year earlier.
Analysts had expected a profit of about 521.5 million euros, according to a poll compiled by the company.
Profit outlook, which the company had raised last month, remained unchanged.
($1 = 0.9118 euros)
