Dutch feed and food group Nutreco enjoyed a bumper 2007, with rising sales driving a 32% leap in profits.
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The company, which owns Spanish meat giant Grupo Sada, booked underlying operating profit of EUR149m (US$218.6m). Revenue rose 32.7% to EUR4bn.
“The organic growth and the contribution of important strategic acquisitions in animal nutrition made it possible to reach a new milestone in the Nutreco history by exceeding EUR4bn revenues,” said CEO Wout Dekker.
“The progress we have made in 2007 confirms that Nutreco is well on track to meet the target for 2010, which is to double 2006 EBITA to EUR230m.”
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