Naturex Reports New Acceleration in Revenues

Revenues for the first nine months of the year also grew 16.7% at constant scope and in constant currencies, coming in at € 170.6 million compared to a figure of € 77.3 million one year earlier.

Oct 20 2010 --- Naturex's figures for the first nine months of 2010 are a tangible confirmation of the extremely dynamic activity and new scope that make it today's global leader in specialty plant-based natural ingredients.

At € 58.5 million, group revenues for the third quarter were 2.6 times higher than the figure reported for the same period in 2009, amounting to an increase of 20.8% at constant scope and in constant currencies over the quarter.

Revenues for the first nine months of the year also grew 16.7% at constant scope and in constant currencies, coming in at € 170.6 million compared to a figure of € 77.3 million one year earlier. Once again, each business and region contributed to the group's performance. Food & Beverage now accounts for 60.1% of group sales, Nutrition & Health for 33.4% and Personal Care for 1.2%. Europe and Africa account for 52.7% of group revenues, North and South America for 36.5 %, and the Asia/Pacific region for 10.8%.

Bolstered by this success, Naturex has confirmed the new targets for 2010 that were presented in September. Today, the group is aiming for sales growth of 10% to 15% at constant scope and in constant currencies (5% to 10% previously), and a 2.5 to 3 point increase in its operating margin on the proforma figure for 2009 (9% of revenue).