Nutreco expects a full year EBIT of 230 mill EUR

Gustav-Erik Blaalid
Published Modified

Wout Dekker, CEO Nutreco: "Our portfolio showed strong results in Q3 2011, in line with our outlook. Volume growth of our Fish feed business was driven by both salmonid and non-salmonid species. Operating margins in Fish feed were solid.

Highlights: • Revenue Q3 2011 EUR 1,535 million; an increase of 14.6% from Q3 2010 • Revenue increase driven by volume growth of 3.5% and a price effect of 11.7% • Higher operational results in Fish feed in Q3 due to 12.3% volume growth • Operational results of the Animal Nutrition segments in line with Q3 2010 • Operational results of Meat and other higher than in Q3 2010

Fish feed

Revenue in Fish feed increased 19.0% in Q3 2011 compared to Q3 2010, mainly due to a volume growth of 12.3%. The price effect was 5.3%. The salmon feed volumes increased due to strong performance in Norway and a recovery in Chile. With the Pargua plant back into production all three plants of Skretting Chile are now being utilized. The exchange effect was -0.2% and the acquisition effect of Skretting Vietnam was 1.7%.

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