Ingredient Sales up Nearly 25 Percent at Eurogerm
22 Apr 2016 --- Sales at Eurogerm have increased on a like-for-like basis by eight percent in 2015, powered by sustained growth across its ingredients unit.
Revenues across the ingredient division at the French company came in at €40.9 million ($46 million), up nearly 25 percent on the year.
Overall revenues came in at €88.1 million ($99 million) across the group.
Eurogerm specializes in making and manufacturing nutritional cereal ingredients, as well as food technological aids.
Key to its financial performance was its performance overseas, where revenues were €52.4 million ($59 million)
In its domestic market of France, turnover was €35.8 million, up over eight percent despite strong competition.
Benoît Huvet, chief operating officer, and Jean-Philippe Girard, CEO of Eurogerm said: "Supported by our product innovation, an integral part of our values, the year 2015 was marked by a strong commercial performance in France and the continuity of our international development. “
“Financially, the good control of our costs has contributed to the improvement of all our results. The extension of our laboratories and production facilities will allow us to improve our overall productivity, our ability to create, and prepare Eurogerm for the future."
