Significant sales increase for Provimi

Profit from operations before other income and expenses improved by 17.3% to
€112.4 million (2005: €95.8 million). Strong growth in higher margin products
such as Premix, Specialties and Pet food, contributed to this result. Provimi
further expanded its Premix, Specialties and Pet food activities with the
acquisitions of Vita (Canada), Virtus Nutrition and Nutrius (California, USA)
and private label Pet food assets (France).

Provimi’s CEO Wim Troost
commented: “We are extremely pleased to see that our strategy again proved to be
effective. Despite difficult market circumstances in certain countries,
including Poland, the Group achieved a significant increase in profit from
operations before other income and expenses and in net profit. Many of our
businesses contributed to this growth, with a particularly strong performance in
North America and the emerging markets. Provimi will continue to pursue its
successful strategy of investing in internal and external growth opportunities,
going forward.”

About Provimi
Provimi
has over 100 plants in 30 countries and employees almost 9,000 people.
As from today, Provimi is bought by Nutrilux, which is backed by Permira
Advisers LLP. It is seeking 74.05% of the share capital of Provimi at a price of
€30 per share. The deal was examined under the EU”s “simplified” merger review
procedure for cases which the commission believes do not pose competition
concerns.

Related link:
Provimi

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