+15% in turnover for Provimi group
The Provimi Group (listed on Euronext in Paris) has announced its turnover for the first nine months of 2006. Sales increased by 14.6% to €1.323.5 million.
Volumes and sales showed an increase in almost all
regions, with particularly strong growth in North America, developing and
emerging countries and European pet food operations. New acquisitions
contributed €34.6 million to sales, while more favourable exchange rates had a
positive effect of €27.5 million. On a like-for-like basis, sales growth was
9.2% over the period.
Growth through fish feed
Almost all countries reported an
excellent improvement in volumes and sales. This was particularly the case in
Chile, where in July the Group signed a joint venture agreement with AquaChile,
the second largest salmon producer in the world, for the production of seawater
feed. Part of the increase can also be attributed to higher prices on raw
materials used for fish feed, which were passed onto customers. Argentina and
Brazil showed a good performance as well, with over 20% growth.
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