Strong volume growth in pet food

The Provimi Group has announced its consolidated results for the first half of 2006. Net income increased by 21.3 per cent and the profit from operations, before non-recurring items, increased by 14.3 per cent. Sales increased by 15.4 per cent to € 857.1 million, with most countries showing sales growth through increased volumes. The net impact of acquisitions and divestments added € 30.6 mio, whilst more favourable exchange rates contributed € 27.4 mio. On a like-for-like basis, sales growth was 7.6%. The company also reports strong volume growth in pet food and strong growth in developing and emerging countries. Provimi's CEO Wim Troost commented: „The first six months of 2006 showed a continued positive trend and we delivered on our growth strategy with revenues up 15 per cent compared to the same period in 2005.”