News 310 views last update:6 Aug 2012

+15% in turnover for Provimi group

The Provimi Group (listed on Euronext in Paris) has announced its turnover for the first nine months of 2006. Sales increased by 14.6% to €1.323.5 million.

Volumes and sales showed an increase in almost all regions, with particularly strong growth in North America, developing and emerging countries and European pet food operations. New acquisitions contributed €34.6 million to sales, while more favourable exchange rates had a positive effect of €27.5 million. On a like-for-like basis, sales growth was 9.2% over the period.

Growth through fish feed
Almost all countries reported an excellent improvement in volumes and sales. This was particularly the case in Chile, where in July the Group signed a joint venture agreement with AquaChile, the second largest salmon producer in the world, for the production of seawater feed. Part of the increase can also be attributed to higher prices on raw materials used for fish feed, which were passed onto customers. Argentina and Brazil showed a good performance as well, with over 20% growth.

More links: AquaChile and Provimi

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