Nutreco reports ‘strong’ year
Global feed company Nutreco ended 2012 on a high note, with an annual revenue increase of more than 10 percent over 2011, according to a statement from the company.
Revenues came in at EUR 5.2 billion (USD 7 billion), an increase of 10.8 compared to 2011. Full year EBITA continuing operations before exceptional items increased by 13.2 percent to EUR 262.1 million (USD 352.9 million). Earnings per share from continuing operations were up, too, to EUR 4.53 (USD 6.10), an increase of 26.2 percent over 2011.
2012 also represents the first year of the company’s “Ambition 2016” long-term plan, and the latest numbers indicate the company is on its way to achieving its 2016 revenue goals, according to Nutreco CEO Knut Nesse.
"2012 was a record year for Nutreco,” Nesse said. “In challenging economic times, we have continued to support our customers through innovative and sustainable feed solutions that contribute to their productivity and profitability.”
Nesse noted the company’s new and expanded operations in Brazil and Russia as part of the company’s ongoing plans, which include EBITA of EUR 400 million (USD 538.5 million) by 2016.