Nutreco nets US$6.4B in 2015  

 

Animal and fish feed maker Nutreco reported a net revenue of €5.7 billion (US$6.4 billion) for 2015, up from €5.3 billion ($5.9 billion) in the previous year.

"2015 was in many ways a special year for Nutreco. The financial results were very good across all of our businesses. This confirms that we are increasingly successful in translating our R&D and innovation capabilities into sustainable nutritional solutions valued by our customers. With the acquisition of US-based trace mineral producer Micronutrients we realised the third-largest acquisition in our history, making Nutreco the category leader in a specific feed additive segment," Nutreco CEO Knut Nesse said.

In aquafeed, trading under the Skretting company brand, the salmon feed business performed strongly in 2015, and maintained the position as global market leader, although there is still overcapacity in the main Norwegian market. In shrimp feed, Ecuador reported strong organic growth.

Animal nutrition, primarily trading under the Trouw Nutrition company brand, and Nutreco Iberia also performed well, Nutreco said.

Nutreco is a wholly owned subsidiary of SHV Holdings N.V., a family-owned multinational with net sales of €18.1 billion ($20.3 billion) in 2015.-Rick Alberto