Coffee and tea group DE Masterblenders, listed on the Amsterdam stock exchange since last year, said on Wednesday its 2013 sales and margin will be lower than earlier forecast.

Total sales growth will be in the region of 0 to 2%, not 3% to 5% and the EBIT margin will also improve less sharply, the company said.

The new forecasts came as the group, which was hived off by Sara Lee last summer, said it had booked turnover of €1.34bn in the first six months of its current book year. Net profit reached €92m.

The group’s mid-term outlook of growth between 5% and 7% remains unchanged, the company said in a statement.