Revenue 1st quarter 2008-2009 : €303.5 M + 63.8 %
Vannes, 7 November 2008
|
Revenue |
2008 |
2007 |
Change |
|
1st quarter |
303.5 |
185.3 |
+63.8% |
* The Group henceforth consolidates its accounts at 30 June in line with its major shareholder InVivo’s timetable. This revenue figure corresponds to the first quarter of the 2008/2009 accounting year.
A new era : turnaround in raw materials prices
After a long period of high raw materials prices which began in September 2007, this quarter saw a change in tendency. A sudden steep fall coming from 3 main factors was noted: very good harvests on a worldwide basis helped by favorable weather conditions, the withdrawal of financial investors in search of liquidity on the futures markets and a drop in demand linked to the economic slowdown. As a result, our sales prices are heading downwards likewise.
Nutrition France Division : the Evialis brand makes a name for itself
|
Revenue |
2008 |
2007 |
Change |
|
Nutrition France |
146.2 |
115.0 |
+27.1% |
The Nutrition France activity made a €146.2 M contribution to Group revenue, an increase of 27.1%. This mainly reflects the impact of raw materials prices rises compared with the 3rd quarter 2007 and the consolidation of DNA which accounts for €7.7M for the period.
Turning to the market situation, the milk market, which has been highly favorable until now, took a downwards turn in milk prices. As for the industrial breeds - poultry and pigs, the situation remains tense.
The Group maintains its positions thanks to its dynamic sales and technical teams now working under a single brand name, Evialis, its distribution network and the quality of its products. Moreover, its position on the more specialized breeds, such as horse and game allows it to counteract the movements in the high volume industrial breeding activities.
Reinforcement of international business within the Nutrition division.
|
Revenue |
2008 |
2007 |
Change |
|
Nutrition International |
118.2 |
38.0 |
+211.4% |
International compound feed tripled its activity over the quarter. This division largely benefited from all the acquisitions made in the 2nd quarter 2008, such as Malta Cleyton in Mexico which has been consolidated since 1st April 2008, as well as Cargill’s Brazilian business which was integrated on 1 June 2008, representing sales of €66.4 M. On a like-for-like basis, revenue totaled €54.1 M, an increase of 42.4%, underlining the good performance of these companies. On the other hand, the impact of foreign exchange, coming principally from Vietnam, was negative at €2.2 M.
The incorporation of the new companies within the Group is progressing satisfactorily and they are performing in line with our estimations.
Concerning organic growth, the emerging markets remain buoyant, especially Vietnam. The mature countries are more greatly affected by the general economic situation
Encouraging developments in the Premix-Specialties division
|
2008 |
2007 |
Change |
|
|
Premix-Specialties |
29.0 |
22.6 |
+ 28.1% |
Revenue for the Premix-Specialties increased by 28.1% to €29 M. Foreign exchange loss was €0.7 M and mainly concerns South Africa. This increase translates the progressive repercussion of price increases of the main raw material ingredients, but also improvement in volumes.
The French activity increased volumes and has benefited from the successful integration of Nutreco’s activities which were acquired in 2007.
Laréal, the analytical research laboratory continues to develop. This activity should see some good development with the tightening up of food health and safety regulations in terms of food quality control. International expansion projects are currently being looked into.
The international subsidiaries are showing a more mixed picture. Southern Europe is suffering from a tense economic context, whilst Eastern Europe is performing well; the Group is reinforcing its positions in this area with the start-up of a new factory in Romania over the last quarter. In China, the factory is completely finished and volumes should grow rapidly over the coming months.
Gradual expansion of the Animal Health division’s activities
|
Revenue |
2008 |
2007 |
Change |
|
Health |
7.0 |
6.4 |
+8.6% |
The Animal health division recorded revenue of €7 M, an increase of 8.6%. The current dynamic progress continues with new developments over the period: finalization of the first stage of the extension work to the factory at Segré to meet with growing regulatory demands and to make room for product diversification, the launching of new service products which have been well received by customers and the development of partnerships within French-speaking Northern Africa.
OUTLOOK : Evialis is well-equipped to answer to a volatile market
Dates for your diary: revenue 2nd quarter 2008-2009: 9 February 2009
Some information about Evialis:
EVIALIS, international animal health and nutrition specialist, is quoted on the Eurolist index of Euronext, section C at the Paris Stock Exchange. The EVIALIS Group provides livestock farmers and feed producers with a range of animal health and nutrition products, operating in three areas:
® Compound feed for livestock and pets,
® Premix and specialized products and expert advice to industrial food producers and home-mixers,
® Animal health dietary and hygiene products.
With an industrial presence in 16 countries with 64 plants over the world, EVIALIS sells its products and services in 50 different countries.
For further information : www.evialis.com.
Reaching the world over
For further information, please contact:
|
EVIALIS |
KEIMA Communication |
|
Investor Relations Luc PELIGRY Tél. : 33 (0)2 97 48 54 06 |
Emmanuel DOVERGNE Tél. : 33 (0)01 56 43 44 63 |