Animal feed group Nutreco on Thursday announced a rise in turnover of 0.3% to €5.25bn and profit up by 2% to €153.8m in 2014.

The animal feed and fish farming sectors led the way with turnover rising 1.9% and 4.6% respectively, the company said. However, results were under pressure from the mixed feed and meat sectors in Spain and Portugal which fell 8% to €1.3bn.

Nutreco is currently in negotiations for a takeover by Dutch conglomerate SHV, owned by the wealthy Fentener van Vlissingen family.