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News 165 views last update:6 Aug 2012

Nutreco shows excellent 2007 results

In 2007, Nutreco has shown sales of €4.021 million, 33% more than in 2006. The excellent figures are the result of autonomous growth, higher sales prices of feed and recent acquisitions.

The total sales of animal feed increased with 47%, from €1.322 million in 2006 to €1.948 million in 2007. Sales in aquafeed increased with 20%, from €990 million in 2006 to €1.193 million in 2007. The sales in meat and other activities increased with 22.5%, from 718 million in 2006 to €880 million in 2007.

Focus on growth
Wout Dekker, Nutreco CEO: "We have been able to address the second phase of the Nutreco strategy 'Rebalancing for Growth' in an appropriate way.  The organic growth and the contribution of important strategic acquisitions in animal nutrition made it possible to reach a new milestone in the Nutreco history by exceeding €4 billion revenues. In addition to the acquisitions in 2007 Nutreco further optimised its balance sheet by returning €5 per share to its shareholders."

Future targets
"We are pleased with the growth in our animal nutrition and fish feed business in 2007", says Dekker. In 2007 an organization has been set up to implement the Nutreco Sourcing Initiative ("NSI") which facilitates global purchasing of raw materials and services. The objective of Nutreco is that from 2009 onwards NSI will realize €25 million savings on an annual basis. In the past 12 months significant progress has been made and we already expect NSI to contribute €10 million in 2008. 

Related website:
Nutreco 

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