May 11, 2010
Nutreco''s Q1 revenue shows increase
Nutreco, a Dutch animal and fish feed producer, saw its first quarter revenue at EUR1,072.6 million (US$1,391 million), an on-year increase of 2.7%.
Wout Dekker, Nutreco CEO said, "I am pleased with this performance. We ended last year strongly and our results continued to be strong in the first quarter of 2010. The results in all business segments are above the same period last year. Our premix and feed specialties business continued its positive performance. The fundamentals in the fish feed business are solid, showing strong growth in Norway, the Mediterranean and Australia.''''
Nutreco is more confident about a step-by-step recovery of the Chilean fish farming industry. Its compound feed business in Europe reported an operational result in line with the trend of the last quarters of 2009. The results in the Netherlands improved substantially compared with Q1 2009.
''''In Spain, we can see the revenue contribution coming from the acquisition of the compound feed business of Cargill. The integration and plant optimisation is well on track. Our meat business continued to report good results, which were slightly better than in Q1 2009,'''' said Dekker.
''''These results, our strong balance sheet and the initiatives we are involved in mean that we are heading into 2010 with confidence. We will continue our growth strategy to further strengthen our global market positions in feed specialties and fish feed, by organic growth and acquisitions," said Dekker.