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Naturex Financials Report Supports Target Shift
Posted: October 20, 2010
Naturex (Avignon, France) reports figures for the first nine months of 2010 that show growth and supports the company’s target shift from September as a tangible confirmation that its activity and new scope help make it a 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 during 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 and beverage now accounts for 60.1% of group sales, nutrition and 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 confirmed the new targets for 2010 that were presented in September. Now, the group is aiming for sales growth of 10–15% at constant scope and in constant currencies (5–10% previously), and a 2.5–3 point increase in its operating margin on the proforma figure for 2009 (9% of revenue).
Naturex will publish its results for the third quarter of 2010 on Tuesday 9 November after the close of trading.