“We believe that Q1 2010 will show further progress from the momentum seen in late 2009 and will be well ahead of consensus expectations,” said Wood in a note to investors.
Overall the analyst expects reported sales growth to be 8.6 per cent as opposed to a consensus figure of 6.3 per cent.
In particular, the analyst said he expects Fresh Dairy to continue to accelerate, with volume growth reaching 11 per cent and organic growth 7 per cent.