Nutreco on 6 October hosted 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 gave updates on the three divisions Agriculture, Specialties and Aquaculture.
The Dutch feed giant has increased its medium-term EBITA-margin guidance for Premix and feed specialties to 7%. In fish feed Nutreco confirmed 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.
In line with earlier expectations, indicated in the half-year report issued on 29 July 2010, Nutreco has confirmed its outlook for 2010. Barring unforseen circumstances, the company expects EBITA before exceptional items in the second half of the year to be in line with the very strong second half of 2009 (€133.6 million/$185.1 million).
For the full year 2010 this will result in an increase of approximately 25% in EBITA before exceptional items compared with 2009 (€175.2 million/$242.7 million).
Nutreco will publish a trading update on the third quarter of 2010 on 28 October 2010.
