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Provimi sales rise 15% in 2006

Provimi has reported a 15% increase in turnover for 2006. Revenues rose from Euro 1.6bn ($1.9bn) in 2005 to Euro 1.8bn last year. The result was boosted by acquisitions and favorable exchange rates, and on a like-for-like basis sales rose 9.5%. Provimi, based in Rotterdam, the Netherlands, said that growth had been particularly strong in North America, thanks to new market initiatives and acquisitions. The company also reported solid growth in Europe thanks to the feed and pet food businesses. Provimi will announce its full results for 2006 in late March.

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