Naturex Reports Strong Growth in Q1

Food & Beverage business has recorded very dynamic growth in sales, up by 32.4% and giving revenues of €40.2 million versus €30.3 million for the 1st quarter of the previous year.

4/26/2011 --- Naturex has made an excellent start to the 2011 fiscal year, posting very high growth in revenues over the 1st quarter. Turnover is up by 24.0% at €64.0 million, versus €51.6 million the previous year.

With a like-to-like exchange rate, organic growth comes out at +17.5%.

This puts Naturex ahead of its annual growth objectives and goal of 2-digit growth in sales, announced end of March 2011 at the publication of 2010 annual results.
 
The diversity of range promotes business synergies in the company’s three markets

Performances over the 1st quarter of 2011 illustrate both the positive effect of a wider product portfolio and the business synergies produced by the diversity of ranges that have been beneficial in all three markets:

•  Food & Beverage business has recorded very dynamic growth in sales, up by 32.4% and giving revenues of €40.2 million versus €30.3 million for the 1st quarter of the previous year.
 
•  Nutrition & Health business continues to grow, primarily in the food supplement sector, with revenues up by 6.2% to reach €19.6 million.
 
•  Personal Care business is still highly promising, with quarterly figures being of little significance given the very small base.
 
The three geographic regions have made an input to the growth in sales over the 1st quarter of 2011, with Europe and North America making particularly high contributions.

In the Asia/Oceania zone, growth remains as excellent as ever in Asia. This said, climatic upheavals and floods in Australia have led to a slight dip in sales over the 1st quarter of 2011, on a like-to-like basis. Australia accounts for 61% of sales in this area.

Emerging markets have recorded a very promising level of sales, particularly in Asia where the Group has opened a new sales office in Korea and strengthened the existing structure in China. The same goes for Latin America, where the Group has opened a business subsidiary in Mexico in addition to operations in Brazil.

“We are very happy with this start to the fiscal year, which gives us a significant head start over our annual objectives. Our international teams are hard at work to pursue development and achieve further business successes. The trade fairs we have attended in recent months have confirmed the quality of our positioning, this is a boost for our confidence in the years ahead,” declared Jacques Dikansky, CEO and founder of Naturex.