Nutreco moves closer to core businesses

Nutreco reviewed business opportunities; concludes that strategic fundamentals of the strategy 'Driving sustainable growth', continue to be valid and strong
Management addresses intended divestment of large non-core businesses and market reality through new organisational structure, providing better execution power
New organisational structure also enhances innovation, partnerships and building up a portfolio of higher value-added nutritional solutions
Viggo Halseth, Chief Operating Officer Aquaculture, becomes Chief Innovation Officer in the new Executive Committee with effect from 6 February 2014 and will step down as member of the Executive Board. Jerry Vergeer, Chief Operating Officer Animal Nutrition and member of the Executive Board will step down from the Executive Board as per 6 February 2014. He will leave Nutreco with effect from 1 July 2014
The intended divestment, fewer sizeable value-creative acquisitions than foreseen and market developments in Norway leads to adjustment of the previous financial guidance to achieve € 400 million EBITA by 2016
New guidance: EBITA-margin to increase in the range from 5.5% to 6.5% (2013: 5.6%). Average organic sales volume growth Animal Nutrition 3% and Fish Feed 5%. Existing value-creative acquisition strategy maintained