Strong increase in fish feed for Nutreco

Revenue Q1 2014 € 853.3 million; an increase of 8.4% from Q1 2013. Organic volume effect was 10.7%

Animal Nutrition revenues decreased by 4.6% to € 438.8 million. Organic volume effect was +1.0%, offset mainly by foreign exchange effects

Fish Feed revenues of € 414.5 million are 26.6% higher than last year driven by a 24.3% increase in organic volumes and 11.1% growth from acquisitions partly offset by 7.3% foreign exchange effects

Knut Nesse, CEO Nutreco: "We are pleased with the higher results for the first quarter compared to last year driven by higher volumes in Fish Feed, mainly in Norway. Animal Nutrition results were slightly above last year with encouraging trends in margin development and volumes particularly in mature markets.

Our new organisational structure has been effectively implemented. The structure brings us closer to the business which will provide better execution power and deliver increased focus to regions with more integrated Animal Nutrition and Fish Feed businesses.