Naturex Reports Jump in Revenues Due to Growth in Europe and US
05 Feb 2016 --- Naturex has reported a 13.3 per cent jump in four quarter revenues to €100.8m ($112m) helped by favourable exchange movements and strong performances in Western Europe and North America. The jump in revenues at the French plant-based ingredients specialists follows the introduction of its “commercial recovery plan” last year as it looked to arrest four consecutive quarters of negative growth.
The fourth quarter revenue growth of 13.3 per cent included 5 per cent organic growth and 8.3 per cent growth because of the favourable exchange rate.
Across it divisions, Food & beverage reported revenues of €253.8m ($283) for the year, up 19 per cent for the year. In the quarter food & beverage sales came in at €64m ($72m), a 10.5 per cent increase in 2014.
Naturex said Vegetable Juices, the Chicago-based natural vegetables ingredients business it acquired last year, was performing well.
In Nutrition & Health, revenue growth for the full year was 27.3 per cent with annual revenues of €124.1m ($139m). It also reported fourth quarter growth of 20.8 per cent.
Naturex said the division had benefited from repositioning its offering beyond dietary supplements in favour or phytoactives as it has enable to target new markets.
Revenues across Personal Care were up by 39.1 per cent to €9.5m ($10.2m), as it said the division had benefits from its new commercial strategy. Revenues in the fourth quarter came in at €2.1m ($2.3m), up 4.8 per cent.
Across Toll Manufacturing, revenues were €10.4m.
Olivier Rigaud, chief executive of Naturex, said: “With 2015 marking a return to health and solid organic growth for all Group businesses, we are proud of the progress achieved by all teams in rigorously executing the Conquest, Cash & People plan in barely one year.
“In 2016, our efforts will focus on our four key product categories that offer significant growth potential over the long-term: natural colours, natural antioxidants, phytoactives and fruit & vegetables-based speciality ingredients.”
By region, Europe/Africa recorded revenues of €145.5m ($162m) in the year, up 3.7 per cent while revenues across The Americas came in at €205m ($230m), up 42.2 per cent.
Revenues across Asia/Pacific came in at €47.4m ($52m), up 10.2 per cent.
by John Reynolds
