Nutreco shows excellent 2007 results
In 2007, Nutreco has generated sales of €4.021
million, 33% more than in 2006. The excellent figures are the result of
autonomous growth, higher sales prices of feed and recent
The total sales of animal feed increased by 47%, from €1.322 million in 2006
to €1.948 million in 2007. Sales in meat and other activities increased by
22.5%, from €718 million in 2006 to €880 million in 2007.
Wout Dekker, Nutreco CEO: "We have been able to address
the second phase of the Nutreco strategy 'Rebalancing for Growth' in an
appropriate way. The organic growth and the contribution of important
strategic acquisitions in animal nutrition made it possible to reach a new
milestone in the Nutreco history by exceeding €4 billion revenues. In addition
to the acquisitions in 2007 Nutreco further optimised its balance sheet by
returning €5 per share to its shareholders."
"We are pleased with the growth in our animal nutrition and
fish feed business in 2007", says Dekker. In 2007 an organisation has been set
up to implement the Nutreco Sourcing Initiative ("NSI") which facilitates global
purchasing of raw materials and services. The objective of Nutreco is that from
2009 onwards NSI will realise €25 million savings on an annual basis. In the
past 12 months significant progress has been made and we already expect NSI to
contribute €10 million in 2008.
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