Fish feed producer Nutreco reports healthy year-end results

Dutch fish feed giant Nutreco posted higher revenues and profits in 2014, with growth driven by fish feed and animal nutrition divisions. Its overall revenues of EUR 5.25 billion (USD 6 billion) inched up 0.3 percent, while earnings before interest, taxes and amortization (EBITA) was EUR 266.4 million (USD 303 million), up 3.9 percent.

“The year 2014 contained several important developments for Nutreco. We achieved higher financial results, in line with our expectations. We developed innovative products for our customers and expanded our global product portfolio,” said Nutreco CEO Knut Nesse. “We made organizational improvements to enhance our leadership position in animal nutrition and fish feed and invested in our global people and talent management program. Finally, our shareholders received a compelling cash offer by SHV for their Nutreco shares, an offer that is in the best interests of all our stakeholders including our shareholders and therefore recommended by our Boards.”

Nutreco also faced challenges in certain markets and adverse foreign currency impacts, but acquisitions in Nigeria and Brazil and capital investments in new plants in Asia and Africa are expected to strengthen Nutreco's presence in growth markets.

The company’s animal nutrition EBITA increased by 12.0 percent to EUR 125.0 million (EUR 111.6 million in 2013; USD 142 million in 2014, 127.5 million in 2013), while its fish feed EBITA increased 2.8 percent to EUR 134.3 million (EUR 130.6 million in 2013; USD 153.4 million, USD 149.2 million in 2013).

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