July 30, 2010
Nutreco reports strong increase in earnings
Global animal feed company Nutreco has reported excellent results for the first half of 2010 with a strong increase in operating result (EBITA) to EUR84 million (US$110 million).
Revenues increased by 5.8% to EUR2.25 billion (US$2.94 billion) compared with the first half of 2009 as a result of strong increases in the volume of fish feed and premix and feed specialities.
All business segments reported better operating results compared with the first half of 2009.
Wout Dekker, CEO Nutreco said, "We have had excellent first six months. The results are better than in the same period last year for all business segments. These results, the recovery of the markets and our good financial situation give us confidence for the future. We are also very pleased with the composition and quality of our results.
"For the second half of the year, we expect results in line with the very strong second half of 2009. For the full year, this will lead to an increase of approximately 25% in EBITA before exceptional items," said Dekker.