The supplier of Skretting shrimp and fish feed predicts that earnings before interest, taxes and amortization will total about 255 million euros ($345 million), down from an earlier target of at least matching last year’s 262.1 million euros, the Amersfoort, Netherlands-based company said today in a statement.
Chief Executive Officer Knut Nesse is introducing products to expand in faster-growing markets such as shrimp and diversify away from salmon. Nutreco is looking at the sale of a compound-feed division in Spain, while pursuing more business in Latin America, Russia, Asia and Africa.
Third-quarter sales rose 0.7 percent to 1.49 billion euros, Nutreco said today.
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