Operational developments 2009

The revenue in 2009 of Animal Nutrition Canada was EUR 382.6 million compared with EUR 398.0 million in 2008 (-3.9%). The decline was due to lower volumes (2.1%) and slightly lower prices (0.9%) compared to 2008. The foreign exchange effect was -0.9%. The revenues in poultry feed and feed for dairy cows were relatively stable, while the volume of swine feed declined due to ongoing low pork prices, which made farmers decide to grow fewer pigs.

EBITA of Animal Nutrition Canada in 2009 was slightly higher compared to 2008. The lower results in swine feed were compensated by the strong results in the poultry feed, feed for dairy cows and pet food business. The cost savings after restructuring measures have resulted in a slightly increased operating margin.