Nutreco shows excellent 2007 results

15-02-2008 | |

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 

To receive more free animal feed news, subscribe
here

Correspondents



2/3 articles remaining | Register to continue reading.