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Nutreco N.V.

Nutreco N.V.

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Publicatie datum 24 jul 2014 - 07:00
Statutaire naam Nutreco N.V.
Titel Nutreco reports higher first half year results
Bericht - Revenue of € 2,460.0 million; an increase of 2.6% compared to H1 2013. Organic volume effect was 5.2% - First half year EBITA before exceptional items of € 108.2 million, 15.0% higher than last year (H1 2013: € 94.1 million) - Animal Nutrition EBITA increased by 4.7% to € 59.6 million (H1 2013: € 56.9 million) mainly as a result of a good performance in mature markets and our continued focus on higher value-added nutritional solutions - Fish Feed EBITA increased by 23.9% to € 43.5 million (H1 2013: € 35.1 million) mainly driven by higher salmon feed volumes in Norway due to exceptional market circumstances and the contribution of the operating companies in Ecuador and Egypt which were acquired in 2013 - Compound Feed & Meat Iberia EBITA of € 18.1 million was 31.2% higher than last year (H1 2013: € 13.8 million) mainly due to lower raw material prices and good chicken and pork meat markets - Nutreco will initiate an additional share buy-back programme of € 100 million - The interim dividend is determined at € 0.30 per ordinary share (H1 2013: € 0.30) - Based on current trading conditions and barring any unforeseen circumstances Nutreco expects full year 2014 EBITA before exceptional items from continuing operations to be at least equal to 2013 (€ 256.3 million)