Revenues amounted to €61.2m, up 127% in consolidated figures. Like-for-like, sales for the second quarter of 2010 increased 28.1% in current currencies and 23.5% in constant currencies.
Added impetus came from the smooth and ongoing integration of the ingredients division of Natraceutical, once again confirming the group’s ability to seamlessly merge new operations.
Naturex posted revenues of €112.8m in the first half of 2010, twice the figure generated in the first six months of 2009. At constant scope and in constant currencies, sales grew 15.4%. As a result, midway through the year, Naturex has a clear head start on its targets for 2010 (growth of 5-10% like-for-like), notching up an impressive performance given the current economic backdrop.
Each of the group’s divisions and geographic sectors enjoyed new growth over the first half of 2010. Food & Beverage now accounts for 59.7% of group sales, Nutrition & Health for 34.0% and Personal Care for 1.1%. Europe and Africa account for 54.0% of group activity, North and South America for 35.9%, and the Asia/Pacific region for 10.1%.
According to Jacques Dikansky, president and CEO and founder of Naturex: “This excellent start to the year has strengthened our position as the world leader in specialty plant-based ingredients – a sector with a strong market potential that is set to stay. Thanks to the investment we devote to research and development, our ability to step up the development of products with a high value-added is an invaluable asset that will continue to ensure our long-term growth”.
As a reminder, Naturex will be distributing a dividend of €0.11 per share (up 10%), and shareholders have been given the option to receive their dividend in the form of shares (interested parties have between 7 July and 10 September 2010 to decide).
Source: Naturex
© FoodBev Media Ltd 2024