Dutch feed firm Nutreco reports higher results

18-05-2016 | |
Knut Nesse, CEO of Nutreco.
Knut Nesse, CEO of Nutreco.

In 2015, Dutch animal feed company Nutreco reported higher financial results. Growth was seen in all segments: animal nutrition, aquafeed and Nutreco Iberia.

Nutreco showed net revenues of €5.7 billion (2014: €5.3 billion) and an operating result of €282 million (2014: €236 million). This is mainly the result of a more favourable product mix, the contribution of Nutreco’s acquisitions in Brazil as well as positive currency effects.

Animal nutrition did well despite difficulties

The animal nutrition segment, primarily trading under the Trouw Nutrition company brand, performed well despite difficult market circumstances in the global swine and dairy sectors. The increased focus on global products improved the performance of the Selko feed additives brand.

Strong salmon feed business in 2015

In the aquafeed segement, trading under the Skretting company brand, the salmon feed business performed strongly in 2015, and maintained the position as global market leader, although there is still overcapacity in the main Norwegian market. In shrimp feed, Ecuador reported strong organic growth.

Iberian business performed well

Nutreco’s Iberian business performed well on the back of a recovering Spanish economy. Nanta, a producer of compound feed, reported growing volumes to third-parties, while Sada, which specialises in poultry meat, benefited from good performance during the high (summer) season.

Knut Nesse, CEO: “a special year”

“2015 was in many ways a special year for Nutreco. The financial results were very good across all of our businesses. This confirms that we are increasingly successful in translating our R&D and innovation capabilities into sustainable nutritional solutions valued by our customers. With the acquisition of US-based trace mineral producer Micronutrients we realised the third-largest acquisition in our history, making Nutreco the category leader in a specific feed additive segment,” said Knut Nesse, CEO of Nutreco.

Stock exhange delisting

On April 17, 2015 Nutreco was delisted from the Amsterdam stock exchange as a result of the take-over by SHV. It continued as a private company.

Emmy Koeleman Freelance editor