Nutreco hosts Capital Markets Day in Italy
Nutreco is to host today a Capital Markets Day in Italy with a site visit to its fish feed plant and its recently inaugurated premix plant in Mozzecane. Next to the site visit Nutreco will give updates on the three divisions Agriculture, Specialties and Aquaculture, reports www.megafishnet.com with reference to Nutreco.
The world faces the challenge to feed nine billion people in 2050 sustainably. To do so world food production must double while halving the footprint from the current level. In response to this challenge Nutreco continues to focus on its twofold strategy: innovation and operational excellence.
Nutreco increases its medium-term EBITA-margin guidance for Premix and feed specialties to 7%. In Fish feed Nutreco will confirm its medium term outlook of at least 5% organic growth per year. Furthermore it aims to increase the share of fish feed for non-salmonids from 25% to 35% of total fish feed sales by 2015.
Confirmation outlook for 2010
In line with earlier expectations as indicated in the half-year report issued on 29 July 2010 Nutreco confirms its outlook for 2010. Barring unforseen circumstances, Nutreco expects EBITA before exceptional items in the second half of the year to be in line with the very strong second half of 2009 (EUR 133.6 million). For the full year 2010 this will result in an increase of approximately 25% in EBITA before exceptional items compared with 2009 (EUR 175.2 million).
Additional information
The presentation material from Nutreco's Capital Markets day can be downloaded from the investors section of the Nutreco website.
Nutreco will publish a trading update on the third quarter of 2010 on 28 October 2010.
Nutreco
Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed solutions are at the origin of food for millions of consumers worldwide. Quality, innovation and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for agriculture and aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and experience for building its future. Nutreco employs approximately 9,700 people in 30 countries, with sales in 80 countries. Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam and with annual revenues of EUR 4.5 billion in 2009.
For more information:
Jurgen Pullens, Director Investor Relations and Corporate Communications, Nutreco
Telephone: +31 (0)33 422 6134
Mobile: +31 (0)6 5159 9483
E-mail: jurgen.pullens@nutreco.com