Nutreco launches extensive growth plans

Nutreco's ambition further builds on the existing strategy to grow and improve profitability by innovative and sustainable applications for our customers. This will be realised by focusing on premix, feed specialties and fish feed and by expanding into the growth geographies of Latin America, Russia, China and South East Asia, which will see the greatest increases in both production and consumption of animal protein food products. Key elements are:

• Increase of EBITA (operating result before amortisation of goodwill) to EUR 400 million in 2016;

• Establishment of Application and Solution Centre (ASC) for Europe in the Netherlands;

• More than half of EBITA of Premix and feed specialties from growth geographies in 2016;

• Further growth in markets for non-salmonid species to a share of 45% of fish feed revenues in 2016;

• Nutreco's solid balance sheet accomodates this growth strategy.

Update 2011:

• Outlook of 2011 EBITA before exceptional items of current business of at least EUR 230 million;

• Intended sale of Hendrix compound feed operations to ForFarmers. Long-term strategic partnership with ForFarmers;

• Second phase of investment in extra production capacity of the fish feed plant in Averøy Norway, totalling EUR 66 million.

Doubling food production, while halving the footprint

- Nutreco has the ambition to become the global leader in animal nutrition and fish feed delivering innovative and sustainable nutritional solutions. By innovating and applying our knowledge of feed ingredients and nutritional solutions for animals and fish, we want to create value for all our stakeholders, says Wout Dekker, CEO Nutreco.

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