Naturex Head Categorizes Q1 Revenues as “Steady”

3e859fda-0df4-4b05-8217-41e70a5a45dfarticleimage.jpg

15 May 2017 --- Global leader in speciality plant-based natural ingredients, Naturex has posted “steady” Q1 results with first quarter revenue amounting to €104.4 million (US$114.2 million), in line with the same period in 2016.

This includes a positive currency effect and recurring operational EBITDA on that basis came to €15.8 million (US$17.2 million), representing a margin of 15.1%, according to Naturex.

Naturex’s analysis of revenue by business market and geographical region includes My Natural Food at €53.9million (US$59 million) and My Natural Selfcare at €36.3 million (US$39.7 million), as well as other activities €14.2 million (US$15.5 million). 

Speaking with FoodIngredientsFirst during VitaFoods Europe last week, CEO and director of Naturex, Olivier Rigaud, explained how the trend towards organic raw material is continuing to present big opportunities for the company. 

“The move to organic raw material is very, very heavy right now. Next to that, we also have a lot of requests about traceability and sustainability on our ingredients. These are two really big trends that we see today on the market.”

“Through our Pathfinder program, we have established with all our suppliers, a charter to make sure we have traceability to the field and we are able to offer trace packs and ID packs to the customers on most of our products today.”

Watch the full interview with Olivier here to find out more about Naturex launches, investments and more.  

Headquartered in Avignon, France, Naturex has experienced steadily-increasing growth throughout the last 25 years with Group revenue of €404.4 million (US$442.7 million) in 2016.

Talking directly about 2017 first quarter results, Rigaud comments: “As announced when the 2016 annual results were published, 2017 first quarter revenue remained steady in relation to last year's same period.”

“In accordance with our implementation plan, we concentrated on optimizing our product mix by shifting its focus to our four strategic categories, while initiating the final phase in reducing the number of SKUs and accelerating the adoption of simplification measures,” he says.

“Geographically, our regional organization enabled us to target and adapt our approach to the diverse characteristics and volatility of our markets. In this way, we continued to benefit from opportunities provided by dynamic emerging countries whereas our strong position in North America confirmed our capacity for getting back on track for growth, particularly in the nutraceutical sector.”

“In Europe, comparison base effects and the accelerating rationalization in the number of SKUs masked the positive effects from certain product categories. Finally, our team’s ongoing efforts to reduce operating expenses and increase operating efficiencies have bolstered our current operating margin. As we begin 2017 with confidence, our priorities in the first half are clearly focused on accelerating the simplification measures and in the second half on top line growth and operating profitability.” 

by Gaynor Selby and Robin Wyers

Naturex

Collapse

Naturex sources, manufactures and markets natural specialty ingredients for the food, health and cosmetic industries. As the Natural Maker, the company actively supports the global shift to natural by directly addressing key consumer expectations through an offer built on two main focus areas: My Natural Food and My Natural Selfcare. Naturex’s portfolio includes colors, antioxidants, specialty fruits & vegetables, phytoactives, and numerous other plant-based natural ingredients, designed to help its customers create healthy, authentic and effective products.

The Group’s strong commitment to sustainability, continuous innovation process, and the talent of its people are at the heart of its success.

Related Articles

Food Ingredients News

Coca-Cola has rolled out no-sugar, no-calorie Zero Sugar option in US

27 Jul 2016 --- Coca-Cola is promising the same taste as regular Coke, as it officially launches a replacement for Coca-Cola Zero with its innovative “better-tasting” recipe in the US, which will now be called Coca-Cola Zero Sugar.

Regulatory News

UK: Watchdog approves “milk is inhumane” ad

27 Jul 2017 --- The UK Advertising Standards Authority has given the green light to a Go Vegan ad which caused controversy within the dairy industry because it claims “milk is inhumane.” A newspaper ad for Go Vegan World, a vegan campaign group, seen in the national press in February, featured a photograph of a cow behind a piece of barbed wire.

Business News

Hershey sweetens Q2 results with snacking innovations and cost cutting

27 Jul 2017 --- The Hershey Company has announced sales and earnings for the second quarter ended July 2, 2017, with net sales of US$1,663.0 million compared with US$1,637.7 million for the second quarter of 2016 and net income up 39 percent to US$203.5 million.

Business News

Montana Specialty Mills breaks ground on US$20m processing facility

27 Jul 2017 --- Montana Specialty Mills, LLC has announced it is breaking ground on its new US$20 million, 20-acre processing center at the Great Falls Montana Development Authority's AgriTech Park.

Food Research

Secret to cell size found in world’s biggest food producer

27 Jul 2017 --- Scientists at The University of East Anglia (UEA) have discovered a gene which regulates the size of diatoms, which contribute 20 percent of global primary production in food chains. The discovery could have implications for understanding the potential effects of climate change on future food webs.

More Articles