Kraft Foods has begun to reap the rewards of its takeover of Cadbury after a rise in first-quarter sales.

Like-for-like sales at the confectioner, acquired by Kraft in February, rose by more than 8% in the past three months.

Sales for Kraft were up by just over 3% for the quarter, but the Dairylea maker insisted it was on track to meet its 2010 target of 5% organic growth.

Profits stood at $1.89bn for the period, up from $660m for the equivalent period last year. The company raised $1.6bn from the sale of its frozen pizza arm to Nestlé in March.

Kraft chief executive Irene Rosenfeld declared herself "quite pleased with [the] first-quarter results".

"Everything we've seen so far has only reinforced our decision to acquire Cadbury," she said.

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Kraft presses on with Cadbury Euro sales (12 April 2010)
Nestlé completes Kraft frozen pizza deal (2 March 2010)

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