Nutreco CEO Knut Nesse. (Photo: Nutreco/FIS)
For Nutreco, '2012 was a record year '
Friday, February 08, 2013, 00:50 (GMT + 9)
Animal nutrition and fish feed company Nutreco has presented a 2012 EBITA before exceptional items of EUR 262.1 million -- up 13.2 per cent over 2011, with the strongest operational results seen in the fish feed and premix and feed specialties segments, with exceptional growth in salmon feed and much higher volumes from China.
Revenues hit EUR 5.2 billion compared to EUR 4.7 billion in 2011, an increase of 10.8 per cent. Meanwhile, EBITDA in 2012 was EUR 320.2 million versus EUR 285.5 million the year before, climbing 12.1 per cent.
For the first year of its strategy 'Ambition 2016 - driving sustainable growth,' Nutreco last year continued to concentrate on growth geographies, with investments in Latin America, Russia and China, which all show considerable demand. In Brazil -- the third largest animal nutrition market -- the firm increased its ownership stake in Nutreco Fri-Ribe, the premix and feed specialties supplier, to 97 per cent and took over farm mineral company Bellman.
In October, Nutreco agreed to acquire 75 per cent of Gisis in Ecuador, the national market leader in fish feed for shrimp and tilapia, with a strong presence in Honduras and Peru. In China, Nutreco continued to fortify its market position since buying the Shihai fish and shrimp feed company in late 2011.
Big steps were taken to beef up research capabilities and to implement the science strategy. Nutreco opened a new shrimp feed research unit in China and extended the capabilities of rapid near-infrared reflectance (NIR) analysis to ensure more consistent and higher quality shrimp feed.
"2012 was a record year for Nutreco. In challenging economic times, we have continued to support our customers through innovative and sustainable feed solutions that contribute to their productivity and profitability,” stated Knut Nesse, CEO.
Now that it has new Application and Solution Centres (ASCs) operating in the Netherlands and Canada, Nutreco said it is better positioned to improve product performance and take on a consistent division-wide approach to Animal Nutrition marketing.
For fish feed, Nutreco is stretching its focus beyond salmon and toward areas such as shrimp feed and feed for high-value Asian white fish. MicroBalance, a highly sustainable feed concept, was successfully applied to other fish species last year, including turbot and yellowtail, and researchers now want to apply it to shrimp feed.
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By Natalia Real