Increasing sales in 2007

The Provimi Group, one of the world leaders in the animal nutrition business, has published its 2007 twelve-month sales figures and updated the market ahead of its full year 2007 results to be announced on 19 March. Sales increased to € 1 918.5 mio, an increase of 16.6 per cent compared to 2006. On a like-for-like basis, sales growth was 14.5 per cent, with particularly good organic growth in Poland and the rest of the world. The sales increase was largely due to higher selling prices caused by increased raw material costs, which reduced operating margins. Less favourable exchange rates had a negative impact of € 13.3 mio.