Naturex Reports 21.6% Rise in Organic Growth in 2010
Revenue in the fourth quarter is in line with the performance recorded in the preceding quarters and reached €55.7 million, up +23.0% (+14.8% in constant currencies) compared to the same period in the previous financial year.
1/26/2011 --- Naturex has announced that annual consolidated revenue for 2010 amounted to €226.3 million, which is very high organic growth (+21.6%), as such representing €40.2 million of additional turnover over one year.
In constant currencies, the increase in yearly sales for 2010 is 16.2%, above the growth target announced in September 2010 (10-15%).
Revenue in the fourth quarter is in line with the performance recorded in the preceding quarters and reached €55.7 million, up +23.0% (+14.8% in constant currencies) compared to the same period in the previous financial year.
The three markets, Food & Beverage, Nutrition & Health and Personal Care, contributed to this growth, benefitting from the still very marked orientation in world demand for natural products and health, as well as from reinforced regulations, particularly within the framework of the use of artificial colouring agents in food products.
The successful integration of the Ingredients division of Natraceutical has resulted in enriching the range of products and solutions that are designed and marketed by Naturex, and to cover the needs of the clients more widely. The Group's visibility was as such greatly increased.
The impetus for growth in the three geographical regions continued at a highly sustained rate with an acceleration in demand in the emerging countries, especially in Asia and in Latin America.
The complementarity of the production sites, combined with the performance of the integrated sales network, made a substantial contribution in extending Naturex's international positions over the period.
"These excellent figures, well above the announced growth targets, confirm the success in our positioning and the pertinence of our strategy." The integration of the Ingredients division of Natraceutical Group was carried out rather briskly over 2010 and we are proud of this success", says Jacques Dikansky, Chairman and CEO and founder of Naturex.
"Bolstered with this new dimension, Naturex intends to accelerate its development by calling upon its high-performance industrial resources, its sustained R&D and its integrated worldwide sales network, in order to boost international client diversification and loyalty with an enlarged personalised offering of specialty plant-based ingredients."
