Great numbers

The Provimi Group delivered a trading update for the first six months of the year to 30 June 2011. It shows an excellent financial performance, with revenues up 11.5 per cent to € 871 million. The gross margin increased by 5.2 per cent to € 237 million. Provimi successfully completed the sale of its pet food business in June and is now a purely animal nutrition business in line with its stated strategy. Ton van der Laan, chairman and Group Chief Executive Officer, says: “In the second half of the year, we will continue to accelerate the Group’s performance. We are well on track to deliver an EBITDA of € 175 million for the full year, up 10.9% on last year.”