Excellent 2010 results - a strong focus on innovation
(Thomson Reuters ONE) -
* Revenue EUR 4,939.7 million; increase of 9.5%
* Nutreco reports a record EBITA before exceptional items of EUR 222.5
million; an increase of 27.0% compared with 2009
* Strong cash flow from operating activities of EUR 205.5 million
* Dividend proposal of EUR 1.50 per share
+------------------------------------------------+-------+-------+-------------+
| | 2010| 2009| Change|
+------------------------------------------------+-------+-------+-------------+
|Revenue |4,939.7|4,511.7| 9.5%|
| | | | |
|Operating result before exceptional items and | | | |
|amortisation (EBITA) | 222.5| 175.2| 27.0%|
| | | | |
|- Premix and Feed Specialties | 78.9| 70.4| 12.1%|
| | | | |
|- Fish Feed | 92.2| 66.4| 38.9%|
| | | | |
|- Compound Feed Europe | 24.7| 1.6| -|
| | | | |
|- Animal Nutrition Canada | 22.8| 21.8| 4.6%|
| | | | |
|- Meat and Other | 26.5| 34.3| -22.7%|
| | | | |
| - Corporate | -22.6| -19.3| -17.1%|
| | | | |
| | | | |
| | | | |
|Operating result (EBIT) | 185.7| 157.9| 17.6%|
| | | | |
| | | | |
|Profit after tax | 113.0| 93.0| 21.5%|
| | | | |
| | | | |
| | | | |
|Basic earnings per share (EUR) | 3.17| 2.61| 21.5%|
| | | | |
|Final dividend per ordinary share (EUR) | 1.00| 1.12| -10.7%|
| | | | |
|Dividend per ordinary share (EUR) | 1.50| 1.32| 13.6%|
+------------------------------------------------+-------+-------+-------------+
Wout Dekker, CEO Nutreco: "We are proud to report an excellent operating result
for Nutreco in 2010. The results in Premix and Feed Specialties were an
improvement over 2009 through increased volumes. In the Fish Feed segment we had
a record operating result, due in part to the recovery now occurring in Chile
and a strong performance in Norway. The integration of the Cargill acquisition
in Spain and Portugal is progressing according to plan.
The excellent 2010 results and our strong balance sheet give us the confidence
to successfully execute our strategy in 2011, and the years beyond."
Challenges of the feed-to-food chain
"The world faces the challenge of doubling global food production while halving
the footprint in order to sustainably feed nine billion people in 2050. Nutreco
believes it can contribute to the required increase in productivity by applying
new feed solutions based on our knowledge and investments in technology. The
newly developed MicroBalance(TM )concept in salmon feed is a perfect example of
a Nutreco innovation where ecology and economy come together. It reduces
dependency on the scarce raw material fishmeal in feeds, contributing to a
sustainable growth in aquaculture."
Strategic agenda 2011:
We want to achieve growth through:
1. Capitalise on leading fish feed positions and diversify by expanding in
new regions and into feed for other species and shrimp. This includes Asia and
Latin America;
2. Proactively pursue significant positions in agri focus markets China,
Brazil and Russia;
3. Develop sustainable businesses in agri home markets Western-Europe and
North-America;
4. Further development of feed additives activities by innovation and
acquisitions.
The majority of Nutreco's results is generated in the second half of the year.
Nutreco will provide its first quarter trading update on 21 April 2011.
Financial calendar 2011:
28 March: Annual General Meeting of Shareholders
21 April: Trading update first quarter
28 July: Publication of half-year results
20 October: Trading update third quarter
The full press release is attached in the pdf below
Excellent 2010 results - a strong focus on innovation:
http://hugin.info/133565/R/1487383/422815.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nutreco via Thomson Reuters ONE
[HUG#1487383]
Unternehmensinformation / Kurzprofil:
Datum: 10.02.2011 - 07:03 Uhr
Sprache: Deutsch
News-ID 51305
Anzahl Zeichen: 6604
contact information:
Town:
Amersfoort
Kategorie:
Business News
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