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Naturex (Avignon, France) announced its Q1 financial results for 2011, marking a 17.5% increase in organic sales for a operating margin of 12.2% of revenue and doubling its net income. Consolidated revenue for Q1 2011 reached €60.4 million, up 24.0% in current currencies (+17.5% in constant currencies).
Additionally, the company’s gross margin stands at €37.4 million, up 30.8% from Q1 2010, and operating income recorded a sharp increase of 47.2% for €7.8 million. Also, net profitability now represents 7.5% of the company’s revenue.