Record year for animal feed group Nutreco

Animal feed group Nutreco boosted its sales almost 11% to €5.2bn last year, with an 18% rise in feed for the fish farming sector leading the way.

Net profit was up 35% at over €117m, while operating profit rose 13% to €262m.

Chief executive Knut Nesse said in a statement Nutreco had had a ‘record year’ and the company is on target to reach operating profit of €400m by 2016.