Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Fish feed company Nutreco delivered an inter-annual EBITA growth of 24.6 pc. (Photo: Nutreco)

Nutreco's H1 results soar by 24pc

Click on the flag for more information about Netherlands NETHERLANDS
Friday, July 27, 2012, 01:50 (GMT + 9)

Animal nutrition and fish feed company Nutreco has delivered a record EBITA of EUR 103.6 million -- 23.9 per cent higher than H1 2011’s EUR 83.6 million. Revenue hit EUR 2.4 billion, up 10.8 per cent compared with H1 2011’s EUR 2.1 billion, of which 4.7 per cent is organic volume growth.

Nutreco’s EBITA in animal nutrition jumped by 22.2 per cent from EUR 59.8 million to EUR 73.1 million and EBITA in fish feed climbed by 24.6 per cent to EUR 44 million compared to EUR 35.3 million a year ago.

The firm’s operations in Brazil were able to expand thanks to greater shareholding in Fri-Ribe and the acquisition of farm mineral company Bellman.

In China, Nutreco saw excellent performance both in animal nutrition and fish feed, as well as strong growth in the Shihai fish feed business acquired in October 2011.

"The half year saw strong volume growth in Fish Feed, especially for salmon, with shrimp feed further increasing in significance due to the contribution of the Shihai feed business in China acquired in October 2011,” said Wout Dekker, CEO Nutreco.

To support the firm’s operations in Asia, Skretting's Aquaculture Research Centre is building a research centre close to this plant, Dekker said.

Earnings per share from continuing operations increased by 45.9 per cent.

In light of the current uncertain economic environment and based on present trading conditions, Nutreco expects full year EBITA before exceptional items of approximately EUR 260 million compared to the 2011 figure of EUR 231.6 million. Historically, Nutreco's result is weighted towards the second half of the year as a result of seasonality in fish feed.

"The results and business developments in the first half year show Nutreco is on track in implementing the strategy 'Ambition 2016 - driving sustainable growth'. We also successfully raised USD 250 million in long-term debt from the private placement market to further diversify our funding structure and to extend our debt maturity profile in order to support our strategic objectives," Dekker said.

Nutreco's 'Ambition 2016 - driving sustainable growth' scheme consists of growing and improving profitability by providing innovative and sustainable nutritional solutions for its customers and is expected to result in an EBITA of EUR 400 million by 2016.

Nutreco plans to achieve this by focusing on a higher margin portfolio of nutritional solutions such as premixes, feed specialties and fish feed, and by entering the growth geographies of Latin America, Russia, China and Southeast Asia, which are expected to have the largest increases in both production and consumption of animal protein food products.

Starting on 1 August, Dekker will give up his position to Knut Nesse, who will be the new CEO of Nutreco.

Related articles:

-
Volume growth pushes Nutreco's revenues
-
Nutreco boosts shareholding in Brazilian venture

By Natalia Real
[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Russian Federation
Oct 29, 08:00 (GMT + 9):
IN BRIEF - Crisis in the Pollock Catchers Association: Russian Fishery Company 'sailed to court'
European Union
Oct 29, 08:00 (GMT + 9):
The fisheries Brexit negotiation must exclude the privileges that the Common Fisheries Policy has granted to the UK since its inception
Mauritania
Oct 29, 05:00 (GMT + 9):
CEPESCA publishes the images of the rescue yesterday by the F/V 'Riodomar IV' of 215 immigrants
Maldives
Oct 29, 05:00 (GMT + 9):
Media Statement from Government of Maldives on the status of Indian Ocean yellowfin tuna stock (video)
European Union
Oct 29, 01:30 (GMT + 9):
Otros Medios | Industrias Pesqueras: La EUFA demanda que el acuerdo de ‘brexit’ acabe con los 'privilegios' de Reino Unido en la PPC
Russian Federation
Oct 29, 01:00 (GMT + 9):
Federal Agency for Fishery report on salmon season and roes
Spain
Oct 29, 00:50 (GMT + 9):
Other Media | Alimarket: Carrefour increases its sales by 7.5% from January to September
European Union
Oct 29, 00:00 (GMT + 9):
Other Media | La Voz de Galicia: Brussels proposes new cuts for hake, monkfish and Iberian rooster
Russian Federation
Oct 28, 20:00 (GMT + 9):
As of October 26, Russian fishermen have caught more than 4.2 million tonnes
Norway
Oct 28, 19:00 (GMT + 9):
Fish Pool Salmon Price Status Report for week 44
Solomon Islands
Oct 28, 17:00 (GMT + 9):
Operation Kurukuru air surveillance on Illegal, Unregulated and Unreported (IUU) fishing
Japan
Oct 28, 16:30 (GMT + 9):
Auction prices for common squid (surume ika, todarodes pacificus) frozen on board │ Ogi market (until oct-23)
United States
Oct 28, 09:00 (GMT + 9):
What threat do microplastics, a.k.a. ‘ocean hitchhikers’, pose to aquaculture?
United States
Oct 28, 07:00 (GMT + 9):
PRESS RELEASE - NWAA STATEMENT REGARDING PATAGONIA AND THE WILD FISH CONSERVANCY (video)
France
Oct 28, 05:50 (GMT + 9):
Mediterranean bluefin tuna fishery now MSC certified



Lenguaje
FEATURED EVENTS
  
TOP STORIES
The course of pelagic fishing week 43
Norway This autumn's best NVG herring week and less mackerel from the North Sea Mackerel: We received significantly smaller quantities of mackerel than in the previous three weeks. A total of 23,100 to...
Statistics │ Import by origin │Crab │ September 2020
South Korea Source: FIS.com | Click to enlarge it [email protected] www.fis.com...
Tuna exports to Italy soar in September
Viet Nam NDO/VNA – Vietnam’s tuna exports to Italy soared by 8,599% last month over the same period last year. This staggering increase transformed Italy into Vietnam's largest tuna market in the EU in ...
Coast Guard saves sinking fishing vessel near Icy Bay, Alaska
United States KODIAK, Alaska — The Coast Guard assisted a fishing vessel taking on water and disabled, six miles south of Icy Bay, Alaska, Wednesday. A Coast Guard Air Station Sitka MH-60 Jayhawk helicopte...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER