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Naturex Q3 Profit Jumps 22%; Emerging Market Strength Continues
Posted: November 30, 2012
Naturex's (Avignon, France) third-quarter profit jumped 22% and the company benefited from continuing emerging markets sales growth, which grew 40.5% during the first nine months of the year.
For the third quarter, the natural ingredients supplier said its net income climbed to €4.8 million from €3.9 million a year ago. Third-quarter revenue rose 20% to €75.9 million from €63.2 million a year earlier.
As previously reported, Naturex has benefited from growing strength in sales in emerging markets, which are increasingly comprising a larger amount of consolidated revenue. For the first nine months of 2012, consolidated revenue was €223.1 million, an increase of 16.7% from last year's same period, up 11.9%. at constant exchange rates. Naturex cited good sales performance in developed countries despite pressure on consumer spending in Europe and also strong contributions from emerging countries, which represented 17% of group sales with growth of 40.5% during the nine-month period.
The company said its product mix increasingly focused on customized products of “high scientific added value,” helped gross margin's growth to €132.2 million for the nine-month period, up 19.1% from one year earlier.